Matamec Explorations Inc. is a mining exploration company. The activities of the
Company focus on exploration of mineral properties for commercial exploitation.
The Company has 100% of six mineral properties in its portfolio, one joint
venture with 75%, two joint ventures of 50% and a royalty on another- Seven
properties are located in Quebec and three in Ontario. These properties total
1,459 mining claims covering an area of 81,028 hectares in Quebec and 97 claims
for 1,429 hectares in Ontario. It is exploring for precious metals, base metals,
rare metals and rare earths. Its main focus is on the exploration and
development of the Zeus property, including the REE-yttrium-zirconium Kipawa
deposit, located in Temiscaming, south-western Quebec. Its other properties
include Sakami, Kipawa and Matheson-Pelangio.
This looks so much like so many other companies, getting so big and when they have to start cutting back, they get sloppy and they declare bankruptcy and just leave the mess. I am worried that this company is biting off more than they can chew and we are going to be left with the life long mess.
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