Solid Resources Ltd. (TSXV:SRW,OTCQX: SLDRF,FWB:YRS) announced that for the second year in a row, it has received official notification from the Spanish Ministry of Industry, Tourism and Trade that the Company has been granted the maximum subsidy for work committed for 2012 to be carried out on the Alberta-1 (Doade-Presqueiras) rare metals concession in northwestern Spain.
As quoted in the press release:
These subsidies are awarded by public tender in competition with other exploration projects in Spain. One of the essential conditions in receiving the grant was that two of the three target metals in the Alberta-1 project – tantalum and lithium, are considered strategic industrial commodities in the European Union. Solid Resources further met all of the requirements of technical and financial solvency to carry out the work of the exploration program presented and approved over one year ago by the mining authorities.