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Innovation Metals signs 3 LOIs for rare earths project at Becancour

7:44 AM MDT | June 18, 2013 | Natasha Alperowicz

Innovation Metals Corp. (IMC; Toronto) says it has entered into nonbinding letters of intent (LOIs) with three leading rare-earth exploration and development companies, for the toll processing of mixed rare earth element (REE) concentrates. The concentrates will be separated into high-purity rare earth oxides (REOs) and other compounds at an independent, centralized, critical REE separation facility planned at Becancour, PQ.   Two of the future producers trade on the TSX Venture Exchange with the third trading on the Australian Securities Exchange. They...

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