From an investor perspective, the company eliminated a substantial portion of risk when it entered into a memorandum of understanding with Toyota Tsusho (TSE:8015). The auto manufacturer underlined its intent to fast track the deposit into production and eliminated future uncertainty by signing an offtake agreement to purchase 100 percent of the project's mixed rare earth oxide concentrate. It also agreed to provide the project with technical assistance and to arrange financing through to production.While nothing has changed in relation to the project's worth or customer relationship with the Asian manufacturing giant, the company's share price has plunged over the past 12 months on the back of an overall REE market decline. Matamec's stock is currently trading at $0.17 — well below its 52-week high of 47 cents. It has 120,300,186 shares outstanding and a market capitalization of $18,640,000.
3 Rare Earth Stocks To Watch In 2013
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