09:46 AM EST - Quest Rare Minerals : said that it has entered into a non-binding Letter of Intent (LOI) with TAM Ceramics Group of NY, LLC (TAM), a leading U.S.-based marketer and manufacturer of zirconia chemical products. The LOI specifies that TAM will agree to purchase from Quest up to 24,000 tonnes of zirconia annually which Quest expects to mine from its Strange Lake deposit, and that Quest will deal exclusively with TAM for the sale of this quantity of product. Quest Rare Minerals
shares V.QRM are trading up $0.03 at $0.56.
