VANCOUVER, B.C., - Brookemont Capital Inc. (TSXV:BKT) says it can acquire more than 2,000 hectares in the Gaspe Bay region of Quebec where there is aluminus clay and rare earth minerals.
The option agreement calls for the company to pay a total of 4.5 million Brookemont shares and $870,000 in cash.
Brookemont president Conrad Clemiss said the land directly borders a deposit that Orbite Aluminae Inc. is developing.
"This region of Quebec has garnered a significant amount of interest as Orbite continues to develop their deposit which borders our new prospect," Clemiss said.
Brookemont is planning to start operations on the new prospect within the coming days, he said.