Latest Sourcinglink.Net Inc (SNET) Headlines
SourcingLink.net Inc. Unveils Asset Acquisition Strategy in Growing REE Sector
Marketwire - Thu Dec 12, 3:15PM CST
SourcingLink.net Inc. (PINKSHEETS: SNET) would like to update the market and shareholders on its strategy of obtaining distressed or undervalued Rare Earth Element (REE) properties or assets due to unprecedentedly low valuations in the Jr. mining market sector. Anne Carioti commented, "We feel there is tremendous value here at these levels given the upside potential of the REE Markets." According to Transparency Market Research, the rare earth metals demand was worth USD 3.93 billion in 2012 and is expected to reach USD 8.19 billion by 2018, growing at a CAGR of 13.0% from 2012 to 2018. CEO Carioti continued, "It appears that we could be near or at the bottom of the cycle of the low valuations in the junior mining companies and there may be significant opportunities to capitalize on assets. We believe that we recently made a very opportunistic strategic acquisition in the Eldor REE Property and we will continue to look for opportunities that are available which will be accretive for our shareholders."
SourcingLink.net Inc. Has Executed on Initial Payment Pursuant of the Purchase Agreement to Acquire 100% of the Eldor REE Property Claims
Marketwire - Fri Aug 16, 3:05PM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) has executed on the Purchase Agreement to acquire 100% of the Eldor Rare Earth Elements (REE) Property Claims located in Northern Quebec by making the initial payments as per the agreement announced August 15th, 2013. The Eldor Project, which is adjacent to the Ashram Rare Earth Deposit, consists of approximately 2438 acres including 21 claims and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world. (Please see link Map Eldor Project http://www.sourcinglink.org/projects.html)
SourceLink.net Provides Market Update and Information on Advantages to Mining Exploration and Development in the Province of Quebec
Marketwire - Thu Aug 15, 10:00AM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) Pursuant to yesterday's press release SourceLink.net has signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (Eldor Project) located in Northern Quebec, Canada. The Company expects to execute on this agreement with an initial payment prior to August 20th, 2013. The Eldor Project which adjoins the west boundary of Commerce Resources' Ashram Project which currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%.
SourcingLink.net Inc. Has Entered Into a Purchase Agreement to Acquire Eldor Property Claims
Marketwire - Wed Aug 14, 3:20PM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) has agreed to a purchase agreement, subject to delivery of payments, to acquire the Eldor Rare Earth Property Claims (Eldor Project) located in Northern Quebec, Canada that adjoins the west boundary of Commerce Resources' Ashram Project. The neighboring property, Ashram project, currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, (a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%). The Ashram Deposit is recognized as a World-Class Deposit with one of the highest grades of large tonnage advanced-stage rare earth element ("REE") including a Measured and Indicated resource of 29 Million tons at 1.90% Total Rare Earth Oxide ("TREO") and Inferred resource of 220 Million tons at 1.88% TREO. The CEO of SourcingLink.net Inc. Anne Carioti commented, "Because we are directly adjacent to a world class rare earth deposit that has a very positive geological data, we are excited about acquiring the Eldor property claims."
SourcingLink.net Inc. Unveils Asset Acquisition Strategy in Growing REE Sector
Marketwire - Thu Dec 12, 3:15PM CST
SourcingLink.net Inc. (PINKSHEETS: SNET) would like to update the market and shareholders on its strategy of obtaining distressed or undervalued Rare Earth Element (REE) properties or assets due to unprecedentedly low valuations in the Jr. mining market sector. Anne Carioti commented, "We feel there is tremendous value here at these levels given the upside potential of the REE Markets." According to Transparency Market Research, the rare earth metals demand was worth USD 3.93 billion in 2012 and is expected to reach USD 8.19 billion by 2018, growing at a CAGR of 13.0% from 2012 to 2018. CEO Carioti continued, "It appears that we could be near or at the bottom of the cycle of the low valuations in the junior mining companies and there may be significant opportunities to capitalize on assets. We believe that we recently made a very opportunistic strategic acquisition in the Eldor REE Property and we will continue to look for opportunities that are available which will be accretive for our shareholders."
SourcingLink.net Inc. Has Executed on Initial Payment Pursuant of the Purchase Agreement to Acquire 100% of the Eldor REE Property Claims
Marketwire - Fri Aug 16, 3:05PM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) has executed on the Purchase Agreement to acquire 100% of the Eldor Rare Earth Elements (REE) Property Claims located in Northern Quebec by making the initial payments as per the agreement announced August 15th, 2013. The Eldor Project, which is adjacent to the Ashram Rare Earth Deposit, consists of approximately 2438 acres including 21 claims and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world. (Please see link Map Eldor Project http://www.sourcinglink.org/projects.html)
SourceLink.net Provides Market Update and Information on Advantages to Mining Exploration and Development in the Province of Quebec
Marketwire - Thu Aug 15, 10:00AM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) Pursuant to yesterday's press release SourceLink.net has signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (Eldor Project) located in Northern Quebec, Canada. The Company expects to execute on this agreement with an initial payment prior to August 20th, 2013. The Eldor Project which adjoins the west boundary of Commerce Resources' Ashram Project which currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%.
SourcingLink.net Inc. Has Entered Into a Purchase Agreement to Acquire Eldor Property Claims
Marketwire - Wed Aug 14, 3:20PM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) has agreed to a purchase agreement, subject to delivery of payments, to acquire the Eldor Rare Earth Property Claims (Eldor Project) located in Northern Quebec, Canada that adjoins the west boundary of Commerce Resources' Ashram Project. The neighboring property, Ashram project, currently has a Preliminary Economic Assessment (PEA) with a Net Present Value (NPV) at a 10% discount rate of $2.32 billion, (a pre-tax/pre-finance Internal Rate of Return (IRR) of 44%). The Ashram Deposit is recognized as a World-Class Deposit with one of the highest grades of large tonnage advanced-stage rare earth element ("REE") including a Measured and Indicated resource of 29 Million tons at 1.90% Total Rare Earth Oxide ("TREO") and Inferred resource of 220 Million tons at 1.88% TREO. The CEO of SourcingLink.net Inc. Anne Carioti commented, "Because we are directly adjacent to a world class rare earth deposit that has a very positive geological data, we are excited about acquiring the Eldor property claims."
