Owner
Post by Franko10 ™ on Sept 20, 2004 15:34:54 GMT -5
Great Western Minerals Group Ltd.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC BB Symbol: GWMGF
CUSIP: 39141Y 10 3
March 20, 2003
RARE EARTH PROJECT FUNDING ARRANGED
Gary Billingsley, President, is pleased to report that the Company has arranged a financing for US$2 million with a third party repayment guarantee through the facilities of SBGA of Markham, Ontario.
A significant portion of the funds will be used to advance the Company's 100%-owned Hoidas Lake rare earth project in northern Saskatchewan. Hoidas Lake is one of the world's few major (in the top three), primary rare earth deposits. The rare earth elements are critical to many applications related to alternate energy technologies including fuel cells, rechargeable batteries, hydrogen storage, permanent magnet motors and advanced technology such as composites, nanotechnology, lasers, fiber optics and medical imaging. These technologies are key to the development of electric and electric-hybrid automobiles, power generation, and the next generation of hi-tech and medical industry applications. It is management's goal to see Great Western Minerals Group Ltd. emerge as THE global leader in the strategic metals (rare earth) industry in order to become the primary provider in North America, Japan, the European Union and other markets of a stable, secure and dependable supply of rare earth products. Currently, over 75% of North America's rare earth requirement must be imported. It is the Company's three year objective to have US$100 million in sales penetration in the US alone; positioning us as the premier emerging diversified mining and resource company globally.
Work is also planned for the Company's copper, gold and diamond properties.
The project funding is subject to all regulatory approvals.
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Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.
P.O. Box 69
Saskatoon, SK S7K 3K1
TSX VENTURE: GWG
USA OTC BB Symbol: GWMGF
CUSIP: 39141Y 10 3
March 20, 2003
RARE EARTH PROJECT FUNDING ARRANGED
Gary Billingsley, President, is pleased to report that the Company has arranged a financing for US$2 million with a third party repayment guarantee through the facilities of SBGA of Markham, Ontario.
A significant portion of the funds will be used to advance the Company's 100%-owned Hoidas Lake rare earth project in northern Saskatchewan. Hoidas Lake is one of the world's few major (in the top three), primary rare earth deposits. The rare earth elements are critical to many applications related to alternate energy technologies including fuel cells, rechargeable batteries, hydrogen storage, permanent magnet motors and advanced technology such as composites, nanotechnology, lasers, fiber optics and medical imaging. These technologies are key to the development of electric and electric-hybrid automobiles, power generation, and the next generation of hi-tech and medical industry applications. It is management's goal to see Great Western Minerals Group Ltd. emerge as THE global leader in the strategic metals (rare earth) industry in order to become the primary provider in North America, Japan, the European Union and other markets of a stable, secure and dependable supply of rare earth products. Currently, over 75% of North America's rare earth requirement must be imported. It is the Company's three year objective to have US$100 million in sales penetration in the US alone; positioning us as the premier emerging diversified mining and resource company globally.
Work is also planned for the Company's copper, gold and diamond properties.
The project funding is subject to all regulatory approvals.
--------------------------------------------------------------------------------
Great Western Minerals Group Ltd. is a diversified, Saskatchewan-based, Canadian mining exploration and development company exploring for diamonds, gold and rare earth elements.
For further information Gary Billingsley at 1 306 220 5377 or Len Willetts at 1 905 544 8502
GREAT WESTERN MINERALS GROUP LTD.
Gary Billingsley
President
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of the contents of the foregoing.
© 2004 Great Western Minerals Group Ltd.
