JP Anderson Signs Landmark MOU with Vaama Village to Advance Rare Earth Mineral Development in Bonthe District [Yahoo! Finance]
LEONE ASSET MGMT INC (LEON)
NASDAQ:AMEX Investor Relations:
leoneasset.com/investor-relations
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Source: Yahoo! Finance
CLEARWATER, FL / ACCESS Newswire / March 1, 2026 / Leone Asset Management (OTCID:LEON) today announced that its wholly owned subsidiary, JP Anderson, has signed a Memorandum of Understanding (MOU) with the Jong Chiefdom covering Vaama Village in Bonthe District, Sierra Leone. This strategic agreement represents a key step in advancing the Company's rare earth mineral exploration strategy and expanding its footprint in West Africa's emerging critical minerals sector. A recent geological assessment conducted across the 267-acre project area identified anomalous concentrations of Rutile, Ilmenite, Zircon, Monazite, and associated rare earth minerals. These encouraging indicators suggest significant exploration upside potential and position the Vaama project as a promising asset within Sierra Leone's expanding mineral development landscape. Under the terms of the MOU, JP Anderson and the leadership of Vaama Chiefdom will collaborate to: Conduct detailed geological mapping, sampling
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