Matamec splits gold and energy projects into two companies

Montreal-based Matamec Explorations (TSX-V: MAT; OTC-QX: MHREF) is dividing its gold and energy related projects into two separate entities in hopes of gaining more traction among investors. “Our strategy is to split Matamec into two,” Andre Gauthier, the company’s president, said in a recent interview in Toronto. This makes it easier for investors because those with an appetite for gold exploration could stick with Matamec Explorations, which will be renamed Matamec Gold. Those interested in elements for technologies related to energy— such as rare earth elements (REE), lithium and cobalt — could invest in Matamec Energy, Gauthier says. Matamec has transferred its energy-related properties — including its feasibility stage Kipawa heavy REE deposit in Quebec — into its subsidiary Matamec Energy. It aims to list the subsidiary on the TSX Venture in 2017, largely depending on financing. Read the entire story at The Northern Miner.