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Pele brings China's SKN on board

Toronto Stock Exchange Venture-listed Pele Mountain Resources has entered into a memorandum of understanding (MoU) with China’s Sheng Kang Ning Mining Investment (SKN), which could result in a rare earth processing facility being built in Ontario’s Elliot Lake.

The MoU is a precursor to a definitive agreement to establish a joint venture (JV) for “the sustainable development and operation of a state-of-the-art monazite processing facility and downstream