North American Rare Metals 4 cents **

North American Rare Metals (ME) reported a net loss of $52,970 or 0.4 cents per share for the 6-month period ended Feb 28. In the same period last year the company reported a net loss of $108,544 or 1 cents per share. The company’s deficit stood at $3.6 million at the end of the period compared to $2.5 million at this time last year.

The company’s main asset is a 50% interest in the Vezza Twp. gold deposit south of Matagami, Que.