They signed a deal with Toyota. PEA coming out shortly and a pilot plant will be built by June.

Check out MAT.V. Do your DD and I'm sure you will like what you read.

link: http://www.streetinsider.com/Press+Releases/Matamec+Explorations+Inc.%3A+Pilot+Plant+Planned+for+Kipawa+by+Mid-2012/6958556.html

Gauthier: “I think this is a good deal; it’s good for the company, the shareholders and it’s good for the rare earth space, because it shows that a rare earth (explorer) can sign a deal with an end-user.”

link: http://www.raremetalblog.com/2011/12/rare-earth-explorers-could-be-in-for-a-rude-financial-awakening-as-they-try-to-secure-off-take-agreements-for-what-they-have.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+typepad%2FIBmE+%28RareMetalBlog+%29

Luisa Moreno: Not historically. Eudialyte has always been problematic because silica gel formation was an issue in the processing and recovery of REEs. But working with SGS and other private consultants, Matamec has solved that problem, according to what the company has disclosed.

link: http://www.swissmetalassets.com/rare-earth-metals-luisa-moreno.html