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Matamec sets up energy subsidiary, looks to acquire new gold property in Quebec

Matamec Explorations Inc. said Sept. 26 that it established its subsidiary Matamec Energy, which will focus on properties with key elements for energy-related technology.

The company will look to develop the energy-related properties Tansim, Fabre and Kipawa under its newly created energy unit.

The Tansim property, wholly owned by Matamec, consists of 239 mineral claims totaling more than 12,000 hectares in the Temiscamingue region of southern Quebec. Elements used in lithium-ion batteries are present in the property.

The Fabre property covers 2,930 hectares in the Lake Temiscamingue region about 10 kilometers from the historic Cobalt mining camp, while Kipawa, located 50 kilometers east of Temiscaming with 21 mining claims totaling more than 1,100 hectares, is the company’s property where elements used in most energy-related technologies are present.

Matamec also said it intends to acquire the Lorraine property from Greg Explorations Inc., subject to certain conditions, agreed upon in its recent memorandum of understanding.

Lorraine covers 4,600 hectares in the Temiscamingue region about 40 kilometers east of the Ontario-Quebec border.