New Earth Resources secures option agreement for Red Wine rare earth project

New Earth Resources has executed an option agreement with Northex Capital Partners to acquire the Red Wine rare earth project in Labrador, Canada. The project consists of two non-contiguous mineral claims covering a total area of approximately 1,575 hectares (ha). The first claim of the Red Wine rare earth project is situated in the Central Mineral Belt (CMB) of Newfoundland and Labrador. Spanning around 1,425ha, it lies approximately 110km north-east of Churchill Falls and roughly 20km east of the Orma ...