Welcome to our dedicated page for Canada Rare news (Ticker: RAREF), a resource for investors and traders seeking the latest updates and insights on Canada Rare stock.
Canada Rare Earth Corp. is focused on developing a vertically integrated business within the global rare earth industry by establishing a supply chain that connects exploration, mining/concentration, separation/refining, and major international customers. The company aims to identify potential rare earth sources, develop rare earth separation facilities, and strengthen relationships with top-tier international companies. Currently involved in four separation refinery initiatives, including projects in Laos, Brazil, the Caribbean, and Southeast Asia.
The company is committed to meeting customer demands, expanding market presence, and ensuring sustained profitability. With a clear strategy for revenue and earnings growth, leveraging its industry experience and market penetration, Canada Rare Earth is poised for rapid and profitable expansion in the essential minerals market.
Canada Rare Earth Corp. (TSXV: LL) has secured rights to acquire 70% of a fully permitted rare earth refinery in Laos. The facility has a 3,000-tonne annual production capacity for rare earth oxides, including both light and heavy elements. The refinery, built 12 years ago but never operated due to previous policy restrictions, is expected to be operational after refurbishments in Q4 2025.
The company has also entered into an MOU for a 70/30 joint venture to develop an ion adsorption clay rare earth mining project in Laos. Due to these developments, the TSX Venture Exchange has implemented a trading halt, classifying these transactions as a Change of Business under policy 5.2. The approval process is expected to take 12-16 weeks.
Additionally, the company announced the reappointment of Michael Lee as CFO, replacing Janet Meiklejohn who resigned in 2024.
Canada Rare Earth Corp. (TSXV: LL) has announced a new supply agreement with Simba Essential Minerals, a wholly owned subsidiary, and SAKIMA SA, a Congolese state-owned mining company. This agreement enhances the company's supply chain by securing a reliable source of rare earths and other essential minerals from the Democratic Republic of Congo (DRC). The deal builds on the company's earlier announcement on February 26, 2024, regarding its proprietary rare earth supply chain in the DRC. Steve Sadiki, CEO of Simba, highlighted the high mineral grades and anticipated robust margins. Peter Shearing, CEO of Canada Rare Earth, emphasized the strengthened competitive position and future growth potential.
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