Electric Metals Inc.
Electric Metals Inc. is a Canadian junior mining company focused on the exploration of rare earth elements (REE) with properties in two leading Canadian REE exploration districts.
Electric Metals has an option to earn a 75% interest in the Chuchinka property, located 80 km north of Prince George, British Columbia, from International Montoro Resources Inc. (TSX-V: IMT). The property is contiguous with the Wicheeda and Carbo rare earth discoveries, operated by Spectrum Mining Corporation (a private company) and Canadian International Minerals Inc. (TSX–V: CIN) respectively.
Its Abitibi properties are located in the Montviel area of Quebec and control most of the major syenite complexes that surround Geomega’s (TSX-V: GMA) Montviel syenite-carbonatite complex. Electric Metals has the option to acquire a 100% interest in the Abitibi properties from Zimtu Capital Corp. and a group of three private individuals.
In March 2011, Electric Metals closed a non-brokered private placement consisting of $1,575,000 (CAD). The company is currently assessing targets at the Chuchinka and Abitibi properties with drilling to commence in summer 2011.