Business
JP Anderson Signs Landmark MOU with Vaama Village to Advance Rare Earth Mineral Development in Bonthe District
JP Anderson Signs Landmark MOU with Vaama Village to Advance Rare Earth Mineral Development in Bonthe District.
About this update from Leone Asset Management, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n JP Anderson Signs Landmark MOU with Vaama Village to Advance Rare Earth Mineral Development in Bonthe District\r\n \r\n \r\n\r\n\r\nJP Anderson Signs Landmark MOU with Vaama Village to Advance Rare Earth Mineral Development in Bonthe District\r\n\r\n\r\n\r\n\r\n\r\nCLEARWATER, 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.\r\n 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.\r\n Under the terms of the MOU, JP Anderson and the leadership of Vaama Chiefdom will collaborate to:\r\n \r\n Conduct detailed geological mapping, sampling, and feasibility studies\r\n Establish transparent and structured community engagement programs\r\n Promote local employment, training, and workforce development\r\n Implement environmentally responsible and internationally aligned mining practices\r\n Support long-term community infrastructure and social development initiatives\r\n \r\n JP Anderson remains committed to working closely with traditional authorities, regulatory agencies, and local stakeholders to ensure responsible resource development aligned with both national regulations and global ESG standards.\r\n \"This agreement marks an important milestone in our long-term growth strategy,\" said James Price, CEO of JP Anderson. \"Rare earth and critical minerals are essential to electrification, renewable energy systems, defense technologies, and advanced manufacturing. We believe the Vaama project has the potential to become a meaningful contributor to regional economic development while creating long-term shareholder value.\"\r\n Beyond the Vaama initiative, JP Anderson is aggressively expanding its...