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MP Materials Corp. press release

Erdene Resource Development Corp.

NYSE - New York Stock Exchange · Rare Earth Elements · Neodymium · Praseodymium · Samarium · Lanthanum · Cerium · Gadolinium · Europium · Magnet Rare Earth Elements · United States

May 17, 2010 (Baystreet.ca) --

posted first-quarter net loss of $858,000 or $0.01 per share, compared with a net income of $681,000 or $0.01 per share in the prior year period. For the quarter, exploration and operating expenses amounted to $569,000 compared to $438,000 in the same quarter last year. Including capitalized exploration costs and excluding writeoffs, exploration expenses were $793,000, down from $843,000 in the year-ago period. Erdene Resource Development Corp.

Earlier from MP Materials Corp.