Rare Earth News

Atocha begins rare earth mining venture in Quebec

Natural resource company Atocha recently announced that it has begun its rare earth mining exploration in Tresor Nord, located in the Abitibi region of Quebec.

According to a release, the company's Tresor Nord property is located 13 kilometers northeast of the Montviel carbonatite complex in Abitibi. The Montviel complex, which is one of the largest in North America, and is a major source for the production of rare earth elements.

In fact, the release said, three of the most highly advanced rare earth projects currently in development are hosted by carbonatite complexes like Montviel.

The Atocha venture will reportedly include geophysical surveys and bark sampling, in order to collect and measure the rare earth metals. The results of such surveys will reportedly be released to the public when the company receives them, potentially boosting the company's rare earth metal stocks in the near future.

Like many rare earth mining companies, Atocha has made rapid progress since going public in 2009 and has five projects spread throughout Canada, according to the company's website.