Prospech ASX:PRS) has released its June 2023 Quarterly Activities Report, highlighting its projects in Finland and Slovakia.

The report reveals the company's exclusive right to attain 100% interest in the Korsnäs and Jokikangas rare earth elements (REEs) and Saarenkylä lithium projects in Finland, indicating high neodymium/praseodymium (NdPr) enrichment.

Prospech said assay data confirmed areas of Korsnäs REE mineralisation and that the Slovakia-based Kolba project returned high-grade copper-cobalt-silver results from rock chip samples.

It also said Kolba's accelerated exploration program coincides with the EU announcing the Critical Raw Materials Act setting targets for kew raw materials.