Pele Mountain has acquired what it calls a key mining lease for its Elliot Lake operation. The amount of land the lease covers is very small but Pele says it fills a gap within its other properties. Pele has been working on opening a uranium mine in Elliot Lake since 2006. More recently it’s also become focused on extracting rare earth elements, something Elliot Lake has plenty of.
Pele president Al Shefsky