It's a short, dense post from the California Space Authority, so I'll just include the whole thing:
Team registration has closed, and there are a total of 25 teams currently registered to compete in the 2008 Regolith Excavation Challenge. There was a nice write-up about it in Sat-News Daily yesterday.
Of the 5 new teams, I think it's interesting that one of them is the McGill LunarEx Design Team. In the Team Background page for this team at the Teams area, they say
The decision to be part of this challenge was a direct consequence of McGill’s participation in the NASA centennial Space Elevator Challenge. Being part of that competition and the highly innovative environment it presented only motivated the branching out to other interesting challenges.