Yuk California rare earth project won the support of legislation

Yuk rare Pioneer Metals Corporation announced Alaska California parliament almost unanimously passed the Senate bill 99. The act authorizes the Alaska industrial development and export administration through the issuance of bonds by the Bokan-Dotson Ridge rare earth project Kerr company provides the infrastructure construction and building funds, "the principal amount of $145000000, required by the company strict evaluation and approval of the board of directors".

The bond financing will be subject to internal Arras California industrial development and export administration strictly evaluated and approved by the board of directors, after the implementation of Bokan-Dotson Ridge project feasibility study to be completed. The feasibility study based on the preliminary economic 2013 Yuk company issued the assessment.

Yuk company president Jim McKenzie said: "we are very pleased to Bokan project has gained support in Parliament and Northern California. Northern California has a long history, the important resources to promote and support the project in the economic and other aspects, no exception for Bokan projects. Alaska lawmakers in California to realize the region has the potential to become American leading heavy rare earth production center, and led the development of many related industries, such as the production of rare earth separation and metal. We sincerely thank senators McGuire and Stedman, for their foresight and leadership skills, as well as sponsors backing."


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