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Pele acquires key mining lease

from Northern Ontario Business

Pele Mountain Resources announced recently that it has acquired a key mining lease for the mining rights on certain lands below small lakes located within the boundaries of Pele's Eco Ridge Mine project in Elliot Lake. In conjunction with the mining lease acquisition, Pele has entered into a NSR (net smelter return) royalty agreement with the previous lessee, Rio Algom, on standard commercial terms. more


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