Catalyst One to acquire BC rare earth property for $870,000

Vancouver - Catalyst One Exploration (TSXV:CATX) has agreed to purchase a rare earth element exploration property in British Columbia for $870,000. The transaction includes 3,800,000 common shares and $300,000 in cash, with a 3% net smelter returns royalty that can be reduced to 1% with a $1,000,000 payment. The 6,164 hectare property, located near Prince George, comprises eight mineral claims and has shown promising results from recent exploration efforts, including a soil sample with 0.869% rare earth oxides.