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ERP Strategic Minerals, LLC Reaches Agreement with Oaktree Capital Management, L.P. to Purchase Equipment Owned in Connection with the Mountain Pass Mine

NATURAL BRIDGE, Va.–(BUSINESS WIRE)–ERP Strategic Minerals, LLC (ERP), a mining entity owned by Tom Clarke, has entered into an agreement with Oaktree Capital Management, L.P. (“Oaktree”) for the equipment relating to the Mountain Pass Mine Rare Earths mine (“Mountain Pass”) owned by Oaktree. This was an open issue to allowing the Mountain Pass mine sale to be completed more efficiently and ERP has addressed that issue in connection with its stalking horse bid. ERP has informed the Chapter 11