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Pele Mountain Engages Advisory Service to Advance Eco Ridge Project

By: MT Newswires
Posted: 2/27/2013 12:44:00 PM
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Pele Mountain Resources Inc. (GEM.V) has engaged Jacob Securities Inc. to provide financial advisory services to Pele as it advances its flagship Eco Ridge Mine Rare Earth and Uranium Project in Elliot Lake, Ontario.

Jacob Securities is an independent full-service investment bank providing a wide range of services including underwriting, financial advisory services, research and market making to companies in the renewable power, infrastructure, energy and mining sectors. Jacob Securities will provide Pele with certain advisory services including market intelligence and market making support.

Pele President Al Shefsky stated: "We believe that the long term solution to financing development at Eco Ridge is likely to involve long term uranium off-take agreements with nuclear utilities and a strategic partnership with end-users of critical rare earths. We are confident that Jacob Securities can elevate our market profile within the sector and assist us in these efforts."