Major Processing Design Improvements Boost Recovery of Critical Rare Earths at Pele Mountain’s Eco Ridge Mine Project

November 23, 2011 -Toronto- Pele Mountain Resources Inc. (TSX Venture: GEM; OTCQX: GOLDF) (“Pele” or the “Company”) today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides (“REO”), including neodymium, dysprosium and yttrium oxides, (Pele’s “Big...