Exploration company Focus Graphite has completed a definitive asset purchase agreement for the sale of the company’s 50% interest in the Kwyjibo rare-earth elements project to Investissement Québec for C$7.24-million.
The Kwyjibo property consists of 116 map-designated claims covering an area of 6 283.5 ha, located a few kilometres north of Manitou Lake.
The Kwyjibo claim block is also located 25 km east of the Québec North Shore and Labrador rail line and is accessible by air from float plane and helicopter bases located in or near Sept-Îles.