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PhosCan Chemical Corp.

05:11 PM EST - PhosCan Chemical Corp. : announced after the bell today that it is commencing a program to evaluate the potential recovery of niobium and rare earths contained on the Martison Property. The Martison Phosphate Deposit contains low grade niobium mineralization and is also overlaid by a higher-grade niobium and rare earth-enriched lateritic oxide cap in the northern portion of the Martison Property. PhosCan Chemical Corp. shares T.FOS are trading up $.04 at $0.48.