SNET News $SNET SourcingLink.net Signs Contrac
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SourcingLink.net Signs Contractual Agreement With Geologist, Wayne Holmstead, to Conduct an Exploration Program on the Eldor Project
Marketwire - Wed Aug 27, 2:01AM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) has signed a contractual agreement with consulting geologist, Wayne Holmstead, to conduct an exploration program on the Eldor Rare Earth Property Claims (Eldor Project). The geological exploration program includes significant prospecting, sampling and mapping followed by extensive analysis of rock and sediment samples collected during the program.
SourcingLink.net Renews Claims for Eldor Project in Northern Quebec, Canada
Marketwire - Mon Aug 25, 2:02AM CDT
SourcingLink.net (PINKSHEETS: SNET) has recently renewed all of its existing claims pursuant to its agreement (announced August 16, 2013) to acquire 100% interest in the Eldor Rare Earth Property Claims (Eldor Project) located in Northern Quebec, Canada. The Eldor Project consists of approximately 2438 acres including 21 claims and is contiguous to 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%. Please see link to map of Eldor Project and surrounding region (http://www.sourcinglink.org/projects.html).
SourcingLink.net Inc. REE Properties to Take Advantage of Growing Industry Sector
Marketwire - Mon Aug 04, 8:30AM CDT
SourcingLink.net Inc. (PINKSHEETS: SNET) is continuing its work with its property and looking to expand its work in this growing sector. As the tech industry is in need of Rare Earth Elements ("REE" in its manufacturing, SourcingLink is constantly looking to work in its existing properties and potentially adding to its portfolio of existing properties. As per the recent published article in Mining.com article on June 29, 2014 the REEs support a manufacturing sector worth between $2 trillion and $4.8 trillion. Director general of the industry and analyst for the Canadian Department of Natural Resources, Christiane Villemure, says in its report: "Over the last 10 to 15 years, the world consumption of REEs has increased at 8% to 12% per annum, a trend that experts agree will continue, and may increase."
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."