Pele Mountain Provides Update on Development Plans and Progress in Elliot Lake
Pele Appoints Wayne Richardson as Chairman of its Board of Directors
Pele Mountain Resources is focused on sustainable development of mineral processing and renewable energy projects in Northern Ontario.
Pele’s Eco Ridge Project is being advanced as the ideal location to host Canada’s first rare earth processing centre. The Eco Ridge property has unique characteristics that make it an attractive development site, including excellent regional infrastructure, strong local support, and its strategic location in Elliot Lake, Ontario, within Canada’s only historic rare earth mining camp. The large NI 43–101 mineral resources at Eco Ridge also provide Pele shareholders with exposure and leverage to the growing global demand for rare earths and uranium.
As Ontario continues to increase its supply of renewable energy and energy storage, Pele sees considerable opportunity in these rapidly growing sectors and is assessing solar power generation projects along with energy storage projects using smart “behind-the-meter” control systems. Pele is working with leading suppliers of these technologies to provide a range of customized benefits to electricity consumers in Northern Ontario.