MONTREAL, QUEBEC--(Marketwire - Oct. 22, 2012) - Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE:MAT)(OTCQX:MHREF) will host an Analyst Day in Toronto on Tuesday, October 30, 2012. Matamec's presentations will begin at 8:15am.
The Matamec team will discuss the corporate business strategy and mutual collaboration to accelerate the Kipawa HREE Mine Project development with its Japanese partner TRECan for the production and marketing of hybrid and electric vehicles for Toyota. Presentations will also review and demonstrate the simple and cost effective metallurgy of the project. The Company will host a live webcast for shareholders, investors and media. The webcast may be accessed via the homepage of Matamec's website at www.matamec.com. An archived replay will be available in the investor relations section of the website shortly following the live presentation.
Matamec Explorations Inc. is a junior mining exploration company whose main focus is developing the Kipawa HREE deposit with Toyotsu Rare Earth Canada, Inc. ("TRECan"). Following the positive conclusion of the PEA study filed on SEDAR in March 2012, the Company has hired a Vice President of Project Development and Construction and is initiating a Definitive Feasiblity Study ("DFS"). The PEAhighlighted that the Kipawa HREE deposit has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, a potential $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012).
In parallel, the Company is exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property. The company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."