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Refresher Update:
Shenghe resources owns 10% of MP materials
Shenghe owns 10% of Rarex
RareX owns 12% of Canada rare earth Corp.
ANNUAL AND SPECIAL MEETING - 12 July 2021 - Meeting Materials
Canada Rare Earth will hold its Annual General and Special Meeting on Monday July 12, 2021 at 10:00 a.m. (local time) at Suite 2110, 650 West Georgia Street, Vancouver, BC
Meeting Materials:
NOTICE OF ANNUAL AND SPECIAL MEETING
MANAGEMENT INFORMATION CIRCULAR
FINANCIAL STATEMENTS REQUEST FORM
PROXY FORM
VOTING INSTRUCTION FORM
SHAREHOLDER RIGHTS PLAN AGREEMENT AMENDED JUNE
July 12 is their annual meeting. Rec'd my voting pamphlet in regards to discussions to be brought up. June 30th today. 1st time in months I seen its volume & stock up 18% from .08 to .10 Maybe we will see action between now & then
Got me completely considering tungsten
Mkt cap 205 m Cdn
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162844553
$NATUF : Record spot prices on Global Tungsten Market
Speciality Metals (#ASX: $SEI) is looking to capitalise on the global tungsten market, which is predicted to exceed $8.5 billion and grow by more than 8% per year by 2025. #tungsten #mining #production #materials #exploration #manufacturing https://t.co/eK5zpiLG7s
— Next Mining Boom (@nextminingboom) May 15, 2019
$RAREF: Looking fantastic........ $NATUF is next
These rare earth plays are soooooooooooooo undervalued.
Just look at how high $MP is now.
$NATUF is by far the best value out there.
GO $NATUF
Basic Info for sector neophytes
ttps://www.forbes.com/sites/timtreadgold/2019/06/12/china-risks-damaging-its-rare-earth-industry-if-it-puts-an-embargo-on-exports-to-the-u-s/#4513f03a5611
RAREF .03 to .02 to .07 to .03 for the past two years.
2018 was good for SHs timing this rare metals stock.
Need to look at its way ahead. .03 might be a restart.
Wish I had added some RAREF in January.
Their SA property LOI sure pushed its price.
Their expansion there looking good so far.
Go RAREF!
RAREF January price pump up, then sell off.
Biggest problem now is no news from them.
Just keeping RAREF on watch, nothing else.
RAREF needs to put out some solid news.
Otherwise, it’ll probably just regress again.
Go RAREF!
RAREF continuing to hold above $0.05 for now. Rare metals and mineral stocks seem to either sit...or go bonkers. RAREF could easily move back to $0.08 or beyond with positive news. Go RAREF!
GLTA
CRE Corporate Update released on September 4, 2018
http://www.canadarareearth.com/article/corporate-update%C2%A0--august-31-2018-384.asp
CRE_The Business of Rare Earth_Corporate Update_Aug. 8, 2018
http://www.canadarareearth.com/article/corporate-update--382.asp
"Our revenues increased ten-fold over the past two years." Go CRE!
CRE Corporation Eyeing a Refinery in Southeast Asia
https://investorintel.com/sectors/technology-metals/technology-metals-intel/canada-rare-earths-eyeing-refinery-southeast-asia/
InvestorIntel bets on Canada Rare Earth Corporation (RAREF)
https://investorintel.com/sectors/technology-metals/technology-metals-intel/2018-bet-canada-rare-earth-corporation/
My 2018 Underdog Bet: Canada Rare Earth Corporation
LARA SMITH | DECEMBER 20, 2017
For me, a small-cap can be considered an underdog if it trades cheaper than its peers for no real reason. Often, a lack of media coverage means there isn’t much worth talking about, but a decent look into Canada Rare Earth (TSXV: LL) (“CREC”) (OTC US: RAREF) reveals that this company is in very good health, having drastically improved its financials over the last year, and is looking forward to growing sales yet further through 2018.The company is developing an international integrated business within the global rare earth industry, and since it’s still early days, the immediate key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain. This has been achieved this last year by sourcing, adding value and selling rare earths in all stages and forms. CREC is in the process of establishing its own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
CREC released its interim financial statements, available on SEDAR, on November 27th, which demonstrated that management has been highly effective in regard to their corporate goals; comparing the six months ending September 30th in both 2016 and 2017, operating expenses and losses have each been reduced by around a third, and revenues have increased by a staggering 600%. Additionally, in the two months following September 30th, 2017, CREC has completed more than $250,000 of sales of rare earth products and is due to close an additional $160,000 before the end of the year.
With increasing levels of sales, consistent margins and strict attention to controlling costs, CREC has improved operational losses by $187,331 compared to the six-month period ended September 30th, 2016. The operating loss in the most recently completed six month period was $57,367 which included amortization of $9,947 and share based payments of $8,769. Net cash of $50,528 was generated from operating activities in the six months ended September 30, 2017, an improvement of $295,180 compared to the six months ended September 30, 2016.With such a good year under their belt, we can look forward to a confident advance of the company’s operational plans throughout 2018.
CREC is studying supply opportunities in over 10 countries to enhance the flow of rare earth materials to customers with increasing levels of demand while simultaneously developing concentrate enhancement and separation capabilities. Furthermore, the company will continue to develop its Red Wine Complex rare earth project in Labrador in order to gain a proprietary supply of ore, but CREC remains engaged in sourcing and processing rare earth materials in partnership with an existing designer, builder and operator of rare earth refineries.
In 2018, we can look forward to a continuing increase in the value of rare earth elements, particularly those critical to permanent magnets (neodymium / praseodymium), both of which CREC currently supply via their own trading platform amongst 14 other rare earth oxides. Wind farms and electric vehicles depend heavily on these two elements in particular, and China’s recent environmental crackdown has opened the door for new suppliers outside of China to enter the chain.Furthermore, CREC is currently working with a joint venture partner to procure and process a 50 tonne bulk sample from a resource in South America.
The activation of this site would be a major growth factor for the company in 2018, and the JV partner is currently preparing a permit application to allow mining and delivery of ore derived from the property. CREC’s 2017 was both great and unsung, but with a vertically and horizontally integrated business really taking shape, 2018 will be the year of boom for Canada Rare Earth Corp.
CREC Receives a US$500k Fee for Optioning Certain of its Rights to Acquire a Completed Refinery
http://www.canadarareearth.com/article/crec-receives-a-us500k-fee-for-optioning--certain-of-its-rights-to-acquire-a-completed-refinery-380.asp
RAREF Financial Results for the 9-Months Ended 12/31/17
http://www.canadarareearth.com/article/canada-rare-earth-announces-financial-results-for-the-nine-months-ended-december-31-2017-379.asp
February 22, 2018
VANCOUVER, BRITISH COLUMBIA - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) is pleased to announce the filing of the unaudited financial statements and related management discussion and analysis for the nine months ended December 31, 2017.
The financials and analysis can be found on our website (www.canadarareearth.com) and on SEDAR.com. They are summarized and highlighted as follows:
Canada Rare Earth generated revenues of $1,569,000 during the nine months ended December 31, 2017, a 10-fold increase over revenues generated during the entire year ended March 31, 2017 and a 14-fold increase over revenues generated in the comparable nine month period.
Salil Dhaumya, Chief Financial Officer of Canada Rare Earth explained: “With increasing levels of sales, maintaining margins and strict attention to controlling costs and cash expenditures we have improved our loss from operations by $81,000 compared to the nine-month period ended December 31, 2016. By setting aside three non-cash expenses (share based compensation, unrealized foreign exchange loss and amortization) our adjusted net loss for the nine months was $80,000 compared to an adjusted loss of $214,000 for the comparable nine month period.”
Mr. Dhaumya continued: “Subsequent to the December 31, 2017 quarter-end, we completed a convertible loan with Talaxis Limited as a component of the strategic partnership between the two companies which significantly enhanced the financial status of the Company. As a result of the convertible loan, $1,500,000 of cash has been injected into the Company of which $800,000 is repayable in January 2019 and $700,000 is repayable in January 2020 unless the loan is converted into shares and warrants. If the loan is fully converted and all warrants are exercised then a minimum additional amount of $900,000 would be injected into the Company.”
The Company used net cash of $35,000 from operating activities in the nine months ended December 31, 2017 an improvement of $270,000 from the nine months ended December 31, 2016.
A summary of the revenues and expenses for the nine months ended December 31, 2017 compared to nine months ended December 31, 2016 respectively is available on the hyperlink for this news release.
Tracy A. Moore, CEO of Canada Rare Earth explained, “Our recently announced financing and strategic relationship with Talaxis Limited is designed to augment our developing trading platform and provide the basis for cooperation in the development of supply chains in the rare earth industry. The terms and conditions include sourcing, processing and delivering rare earths, refinery facilities, financing capital expenditures and trade finance support.”
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections. No assurance that the funding to purchase the Purchase Shares will be raised on reasonable terms or at all and there is no assurance that the permits will be issued in a timely manner or at all.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
CRE MOU for Financing&Strategic Arrangement with Talaxis Ltd
http://www.canadarareearth.com/crec-enters-into-memorandum-of-understanding-for-financing--strategic-arrangement-with-talaxis
Canada Rare Earth Corp. (RAREF) Senior Management Team
Tracy A. Moore, CEO & Director
Mr. Tracy A. Moore has over 20 years’ business, corporate finance and strategic and business planning experience having worked in over 15 countries, while based in Vancouver, Canada. He co-founded the rare earth business that is now known as “Canada Rare Earth”; he founded the MCSI Group of Companies in 1990; and he worked with three Canadian chartered accountant firms in the practice areas of corporate finance, restructuring, and audit assurance. In addition to his consulting practice he has owned and operated a variety of businesses. He has a bachelor of commerce degree from the University of British Columbia.
Peter Shearing, COO and Director
Mr. Peter Shearing has a significant background in operations and engineering in North America, Europe, and Asia and has been a director of Canada Rare Earth since 2012. Peter has widespread international business experience in high tech and contract electronics manufacturing having held senior executive positions in operational, technical and customer facing roles in companies such as Nortel and Breconridge Manufacturing. He served as an engineering officer in the Canadian Army, filling leadership and technical roles for over a decade. He continues to contribute technical and design leadership as Vice President of EchoTrack Inc., a privately held environmental monitoring technology company serving various industries including wind energy development. He earned his bachelor’s degree of engineering from the University of Western Ontario and his master’s degree of Engineering from the Royal Military College.
Products: CRE (RAREF) provides customers with the ability to easily purchase a wide variety of rare earth products. Our products include high-purity simple oxides, nano and large particle rare earth products and custom products. These high-demand materials are used in a variety of industries, such as high-end electronics, lighting solutions, ceramics & glass, catalytic & cracking, magnets, and atomic energy. We offer the advantages of full-spectrum rare earth oxides, direct sales, and producer-direct prices.
For all of Canada Rare Earth's products, please go to http://www.canadarareearth.com/product-sales
Canada Rare Earth Corp. is an internationally operating company that is rapidly establishing a worldwide network of proprietary products through reliable business partners. Combining our international business partners with our team’s unparalleled experience in rare earth refining results in competitive pricing, high-purity and consistent quality products, and knowledge about trends and developments in the different market segments.
RAREF Prospective Joint Venture to Mine and Process Rare Earths, Announced on Oct. 17 2017, Advances
http://www.canadarareearth.com/article/crec-advances-prospective-joint-venture-to-mine-and-process-rare-earths-as-announced-on-oct-17-2017-374.asp
December 4, 2017
Canada Rare Earth Corp. (“Canada Rare Earth“ or the “Company”)(TSX.V:LL) is pleased to announce that it has established an experienced team of technical and practical experts who are conducting analysis and testing to optimize the processing of material from the Property (as defined below). The experts are confident that an existing, proprietary processing technology and system can be applied to the material and implemented in a cost effective manner.
Final selection and implementation is subject to the results of bulk tests at existing commercial facilities that operate with similar processing systems and is also subject to agreement by the Company’s joint venture partner.
The joint venture partner is presently arranging for a 50 ton bulk sample to be delivered to the testing facilities. Concurrently, the joint venture partner is also proceeding with the preparation of permit application(s) to allow mining and delivery of ore derived from the Property.
The advanced, prospective rare earth property situated in South America (the “Property”) is owned outright by the joint venture partner.
Tracy A. Moore, Chief Executive Officer of Canada Rare Earth, explained, “our selection process included meetings, references and discussions regarding previously provided and analyzed samples of material gathered from the Property and of directly related experience of the selected experts. We are pleased that we were able to accomplish the identification and selection of what we believe is a unique, proprietary system suitable for the project at hand.”
The Company also announces that, subject to regulatory approval, as partial recognition of certain services and accomplishments 2,280,000 common shares are to be issued to members of management at a deemed value of $0.05 per share. The Company also announces the issuance of 7,975,000 stock options to directors, officers, consultants and advisory board members exercisable at $0.05 per share for five years.
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our immediate key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organization
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections. No assurance that the funding to purchase the Purchase Shares will be raised on reasonable terms or at all and there is no assurance that the permits will be issued in a timely manner or at all.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
RAREF Announces its Financial Results for 6 Months Ended September 30, 2017
http://www.canadarareearth.com/article/canada-rare-earth-announces-financial-results-for-the-six-months-ended-september-30-2017-373.asp
November 28, 2017
VANCOUVER, BRITISH COLUMBIA - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) is pleased to announce the filing of the unaudited financial statements and related management discussion and analysis for the six months ended September 30, 2017.
The financials and analysis can be found on our website (www.canadarareearth.com) and on SEDAR.com. They are summarized and highlighted as follows:
Canada Rare Earth generated revenues of $1,139,677 during the six months ended September 30, 2017, a 600% increase over revenues generated during the entire year ended March 31, 2017. Revenues in the three months ended September 30, 2017 exceeded revenues in the June 2017 quarter by 17% increase while maintaining margins.
With increasing levels of sales, consistent margins and strict attention to controlling costs we have improved our loss from operations by $187,331 compared to the six-month period ended September 30, 2016. The operating loss in the most recently completed six month period was $57,367 which included amortization of $9,947 and share based payments of $8,769.
The Company generated net cash of $50,528 from operating activities in the six months ended September 30, 2017, an improvement of $295,180 compared to the six months ended September 30, 2016.
A summary of the revenues and expenses for the six months ended September 30, 2017 compared to six months ended September 30, 2016 respectively and with greater detail is attached to this press release.
In the two months following September 30, 2017, we completed more than $250,000 of sales of rare earth products and we are in progress of closing additional $160,000 in the next two weeks.
Tracy A. Moore, CEO of Canada Rare Earth explained, “We are increasingly pleased with the trading platform we have developed and are continuing to build on. The trading activities consistently provide an increasingly significant and reliable contribution to our financial position.”
Salil Dhaumya, CFO of Canada Rare Earth added, “We are pleased with the results and we’ll continue to improve our gross margins. The management team has an unwavering commitment to increase shareholder value.”
Peter Shearing, COO of Canada added “We are studying supply opportunities in over 10 countries to enhance the flow of rare earth materials to our customers with their increasing levels of demand. Simultaneously we are developing our concentrate enhancement and separation capabilities.”
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business network within the global rare earth industry. Our immediate key focus is to generate revenues and positive cash flow from a variety of profit centers in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
RAREF Joint Venture to Mine in South America and Sell into the International Market
http://www.canadarareearth.com/canada-rare-earth-enters-into-an-agreement-to-form-a-joint-venture-to-mine%C2%A0and-process-rare-earths-in-south-america-and-sell-into-the-international-market
RAREF Progress in Permitting of Rare Earth Separation Refinery Situated in SE Asia
http://www.canadarareearth.com/crec-announces-progress-in-permitting-of-the-rare-earth-separation-refinery-situated-in-se-asia
RAREF Released Audited Financial Results of its Operations for Year ended March 31, 2017
http://www.canadarareearth.com/article/canada-rare-earth-releases-financial-results-of-operations-for-the-year-ended-march-31-2017-368.asp
RAREF Management's Discussion & Analysis for Q2 2017 (Period ending June 30, 2017)
http://www.canadarareearth.com/upload/documents/canada-rare-earth-q1-mda-2017-06-30.pdf
RAREF Financial Statements For the Period Ended June 30, 2017
http://www.canadarareearth.com/upload/documents/canada-rare-earth-q1-fs-2017-06-30.pdf
RAREF “scheduling to issue the June 30, 2017 quarterly financial statements and management discussion and analysis by August 23, 2017." Per the company CFO, "these reports will document the increasing momentum of our Company.”
"RAREF increased revenues by 75%, decreased net loss and comprehensive loss for the year by 85%, respectively, compared to the prior year."
RAREF has "completed more than $400,000 of sales of rare earth products and has placed deposits with suppliers in excess of $100,000 in the four months subsequent to the March 31, 2017 year-end."
RAREF Releases Financial Results of Operations for Year Ended March 31, 2017
http://www.canadarareearth.com/article/canada-rare-earth-releases-financial-results-of-operations-for-the-year-ended-march-31-2017-368.asp
RAREF Completes Purchase & Sale of 90 Metric-Tons of Concentrate and is on Schedule for Completion of an additional 380 Metric Tons in June 2017
http://www.canadarareearth.com/crec-completes-purchase--sale-of-90-mt-of-concentrate-is-on-schedule-for-completion-of-380-mt
CRE Completes Hedged Purchase&Sale Agreements, Enters into Additional Agreements
http://www.canadarareearth.com/canada-rare-earth-completes-hedged-purchase-and-sale-agreements-and-enters-into-additional-agreements
Quote:
May 2, 2017
Vancouver, BC – Canada Rare Earth Corp. (TSX.V: LL) ("Canada Rare Earth" or the "Company") is pleased to announce continuing and increasing momentum in its concentrate trading business.
Canada Rare Earth completed the purchase and sale of 180 metric tons of the 310 metric tons of rare earth concentrate announced on March 21, 2017 and, as a result, collected $386,000 of gross proceeds. The Company also recently collected $24,000 of fees generated from providing rare earth supply chain advisory services in the December 31, 2016 fiscal quarter. Costs associated with the completed sale total $335,000.
We expect to complete the purchase and sale of 90 metric tons of rare earth concentrate within two weeks.
The back order balance of 40 metric tons and an additional 350 metric tons of concentrate is scheduled for shipment in June 2017.
Peter Shearing, Chief Operating Officer of Canada Rare Earth explained, “These transactions are all part of the master agreement we announced on September 8, 2016 for a total of 16,500 metric tons over a 36 month period. We are pleased with the current momentum and acceleration under this arrangement as we now expect to exceed the 500 metric ton monthly target from this source.”
Tracy A. Moore, Chief Executive Officer of Canada Rare Earth remarked, “The quality of the concentrate meets and in some cases exceeds our requirements and importantly is to the specifications set by our client. We continue to seek additional sources of concentrate for immediate and longer-term purposes as our customer base is now requesting additional volumes of concentrate from us. The trading transactions are all profitable and contribute positive cash flow to our company.”
Financial amounts in this news release are stated in Canadian dollars.
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our immediate key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organization
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
CRE Enters Second Set of Hedged Purchase&Sale Agreements
http://www.canadarareearth.com/canada-rare-earth-enters-into-a-second-set-of-hedged-purchase-and-sale-agreements
Quote:
March 23, 2017
Vancouver, BC – Canada Rare Earth Corp. (TSX.V: LL) ("Canada Rare Earth" or the "Company") is pleased to announce increasing momentum in its concentrate trading business.
The Company has entered into the next set of hedged contracts to purchase and sell 310 metric tons of rare earth concentrate with locked in gross profits. This volume of concentrate is twelve times the amount currently in international waters and scheduled to arrive at our customer’s selected port in early April, 2017.
Peter Shearing, Chief Operating Officer of Canada Rare Earth explained, “we are confident of the ongoing buying we have arranged and we are driving to secure immediate, dependable supply meeting the specified criteria (price, quantities and array of rare earths) in the order of 300 metric tons to 500 metric tons per month on an ongoing multi-year basis.”
Canada Rare Earth is also developing sources to supply medium and longer-term needs such as providing feedstock to the Company’s prospective proprietary rare earth processing plants. These facilities are designed to produce and supply high quality and high purity rare earth products such as individual oxides, metals and custom products especially to the non-China market.
Peter Shearing continued, “regarding the second set of contracts, 272 metric tons of concentrate are scheduled to leave the mine sites within seven days, be loaded on a vessel on April 7, 2017 and arrive at the ultimate buyer’s selected port in mid-May 2017. The balance of 38 metric tons is being completed and will be shipped near the end of April 2017 along with product for a third set of transactions we are negotiating with the same supplier.”
Tracy A. Moore, Chief Executive Officer of Canada Rare Earth remarked, “ we are thrilled with the trading momentum we have established so far and are building on it to establish a robust and consistent supply to our customer. The current set of orders will generate over $500,000 of revenues with determined gross profits and cash flow for our Company.”
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
CRE Reports Annual General (w/Shareholders) Meeting Results
http://www.canadarareearth.com/canada-rare-earth-reports-results-of-annual-meeting
Quote:
March 21, 2017
Vancouver, BC – Canada Rare Earth Corp. (TSX.V: LL) ("Canada Rare Earth" or the "Company") is pleased to announce results of the annual general meeting held earlier today. All matters presented to our shareholders were overwhelmingly approved including the reappointment of Tracy A. Moore, Peter S. Shearing, Gordon J. Fretwell, Christopher Goodman, and William Purcell to the board of directors (the “Board”) and the addition of Mark Peters to the Board. Mark will also chair our audit committee.
Mark Peters is a Chartered Professional Accountant (CPA) with over 17 years experience in finance and taxation, working primarily with Canadian and US publicly trading and reporting corporations. He is the CFO of Hunter Dickinson Services Inc. (HDSI), a diversified global mining group with over 25 years success in mineral development. Mr. Peters is also CFO of Heatherdale Resources Ltd., a junior exploration and mining company with a copper-gold-zinc-silver asset in Alaska. Prior to joining HDSI, Mark worked at PricewaterhouseCoopers LLP in both the audit and tax groups.
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.”
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
CRE Reports First Profitable Quarter (October-December 2016)
http://www.canadarareearth.com/canada-rare-earth-reports-first-profitable-quarter
Quote:
March 1, 2017
Canada Rare Earth Corp. (TSX.V: LL) ("Canada Rare Earth" or the "Company") reports financial results for the three and nine months ended December 31, 2016.
This release should be read with the Company’s Financial Statements and Management Discussion & Analysis ("MD&A"), available at www.canadarareearth.com and filed on www.sedar.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars.
Tracy A. Moore, President and CEO of Canada Rare Earth, commented, “The increasing emphasis we are placing on trading activities is generating positive financial results. We are very pleased to announce that Canada Rare Earth generated net income of $12,211 for the three months ended December 31, 2016, an improvement of $265,504 over the comparative period.
The positive financial results are a result of generating $107,010 of revenues through two sales transactions and one business development activity. The size of the transactions is not necessarily indicative of future transactions or of the magnitude of profitability. We are considering each of the three transactions and business development activities, two transactions completed in the prior quarter, and one additional transaction (currently in progress) to be establishing the international logistical foundation for larger and more frequent transactions.”
Peter Shearing, COO of Canada Rare Earth added, “During the December 31, 2016 quarter and in the early part of 2017 rare earth prices have stabilized and we are seeing encouraging signs of price increases. Increases in rare earth prices will affect our trading activities in a positive manner but more importantly, higher prices will have a much greater positive impact on the projected financial results for the rare earth processing facilities that we have in various states of progress. Similarly, higher rare earth prices will also improve the financial returns for the Laos refinery that was the subject of our news release dated February 22, 2017. The positive momentum is very exciting and we are expecting a very successful year ahead.”
A summary of the financial results for the three and nine months ended December 31, 2016 with comparative figures for the prior fiscal periods is as follows: (see hyperlinked article for numbers).
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
CRE's Significant Progress in Permitting of Rare Earth Refinery
http://www.canadarareearth.com/article/significant-progress-in-the-permitting-of-the-rare-earth-refinery-361.asp
Quote:
February 22, 2017
Canada Rare Earth Corp. (“Canada Rare Earth” or the “Company”) (TSXV: LL) is pleased to provide an update on significant progress towards the permitting of the completed, full capability rare earth separation refinery located in Vientiane, Lao PDR (the “Refinery”) described in our news releases of May 9, 2016 and November 9, 2016.
On January 27th, our Chief Executive Officer and Chief Operating Officer conducted the 1st rare earth seminar ever held for the Lao PDR (“Lao”) government. The working session was sponsored by the Lao Ministry of Energy and Mines and was attended by senior representatives from all Lao government ministries and departments associated with the rare earth industry including those involved with the approval process leading to the issuance of the final operating permit and then monitoring ongoing operations of the Lao Refinery.
This working session was, in part, a result of visits to Lao by the Canadian Minister of Foreign Affairs, the Honourable Chrystia Freeland and the former Minister of Foreign Affairs, the Honourable Stephane Dion who discussed the Refinery, among other topics, with Laotian government officials in September 2016.
The Canadian Ambassador, Donica Pottie, and other senior representatives of the Canadian Embassy responsible for the Lao People’s Democratic Republic were also in attendance at the session, as was the independent environmental consultant who has studied the Refinery over a period of two years and performed the project’s Environmental and Social Impact Assessment.
The seminar was part of Canada Rare Earth’s collaboration with the Lao government for the development of the rare earth industry within their country. Participants engaged in a wide reaching and detailed discussion of the rare earth industry and the Refinery, in particular.
Importantly, the Company emphasized three key aspects of its permitting strategy:
informing and providing insights to the Laotian government regarding rare earths and related processing;
branding the Lao Refinery in a “Canadian manner” from environmental, social license and transparency perspectives; and
emphasizing the use of pre-treated, enhanced concentrate for the Lao Refinery.
The three key aspects of our strategy were well received by the participants.
The session also specifically provided a detailed view of the Refinery, its production processes and its significant and unique advantage of being the most recently constructed refinery capable of producing both heavy and light rare earth oxides (“REOs”) outside of China.
Other topics included an introduction to the global market for rare earths including rare earth applications; the technical and efficiency benefits derived from rare earths; global market demand and future growth; the various mineral sources of rare earths; the production process of rare earth oxides; and associated environmental protection measures.
A large part of the discussion focused on the recently introduced plan of using a pre-treated, enhanced, concentrate from which both thorium and uranium are removed at a different location. Peter Shearing, Canada Rare Earth COO said, “With the newly introduced plan of using a concentrate pre-treated to remove thorium and uranium the Refinery is generally similar to other chemical processing facilities in Lao which are fully permitted, operational and expanding. Therefore we believe there are no technical barriers to successful permitting.” The use of enhanced concentrate addresses the most difficult issues confronting the Lao government.
Canada Rare Earth’s CEO, Tracy A. Moore, explained, “the depth of the questioning and interaction at the seminar was very impressive and reinforced our confidence in the permitting process. We found the engagement was very encouraging and provided a very positive sign that attendees from the Lao government are enthusiastic to learn about rare earths and the significant economic benefits that the Refinery can bring to Lao.”
The Refinery is based on the design of other successful operating facilities and is therefore capable of separating concentrate into the entire spectrum of commercially traded, light and heavy rare earth elements to high levels of purity. The Refinery is intended to become a core aspect in the Canada Rare Earth’s vertical integration strategy and operations. Significant and sincere interest has been generated from prospective purchasers for the Refinery’s products. Once operational the Refinery will produce approximately 2.5% of the global supply of rare earth oxides.
A follow-up session is being planned for March 2017 involving Canada Rare Earth, key members of the relevant Lao Ministries, including the Ministry of Energy and Mines, and the Canadian Embassy. Both Canada Rare Earth and current Refinery owner consider the rare earth working session a successful step in the permitting process and are presently revising the purchase agreement to fit with a revised schedule for receiving the final operating permit.
On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
Tel: (604) 638-8886
Website: www.canadarareearth.com
$RAREF Canada Rare Earth Corp., a development stage company, engages in the exploration, development, processing, and sale of rare earth elements. The company holds various exploration properties located in Canada, as well as has optioned a prospective rare earth property situated in Brazil. Its products include high-purity rare earth oxides, rare earth fluorides, larger particle/nano rare earth oxides, and other products. The company was formerly known as Rare Earth Metals Inc. and changed its name to Canada Rare Earth Corp. in February 2013. Canada Rare Earth Corp. was incorporated in 1987 and is headquartered in Vancouver, Canada. http://finance.yahoo.com/quote/RAREF/profile?p=RAREF
$RAREF Canada Rare Earth Reported First Profitable Quarter
http://www.marketwired.com/press-release/canada-rare-earth-reports-first-profitable-quarter-tsx-venture-ll-2199637.htm
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The Company is: identifying existing and potential rare earth sources that can provide reliable long term supply; developing pre-treatment facilities and full capability rare earth separation facilities in strategic locations; and enhancing relationships with major international manufacturing companies and their supply networks.
Our team has extensive experience with designing, building and, very importantly, operating rare earth separation refineries; mineral exploration and mining and processing; and international business and finance.
Canada Rare Earth is currently involved with projects in North America, the Caribbean, South America, Africa, Asia and Southeast Asia.
Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The company presently has three advanced projects in Ontario and Newfoundland and Labrador, all exhibiting multi element potential (REEs, Niobium, Beryllium and Iron Ore) and proximity to available infrastructure.
The Clay-Howells Prospect is a massive to semi-massive magnetite deposit with appreciable Rare Earth Elements and Niobium. The deposit consists of multiple bands of mineralization with a minimum strike length of 1.0 km and hosted within a Carbonatite Complex. Previous work in 1958 had partially outlined the iron resource however no analysis was done for REEs or Niobium. The 1958 drilling was the last fieldwork done prior to Rare Earth Metals acquiring the patented claims in 2009.
Since acquisition RA has carried out a regional airborne geophysical survey, drilled the Clay-Howells Prospect (5432 meters in 18 holes) and initiated a prospecting/sampling program on numerous other magnetic targets outside the main prospect. Results from the 2010 drilling include intersections up to 105.3 meters grading 57.83% Fe2O3, 0.694% TREO and 0.14% Nb2O5. Higher grade Rare Earth zones within the magnetite include 2.45% TREO over 4.9 meters. The drilling has tested a 700 meter section of the Deposit which remains open in all directions. The average cumulative drilled widths of the magnetite zone, which appears to be represented as two main lenses, is approximately 67 meters. The amount of Heavy Rare Earths within the Total Rare Earths varies from 5% to 20% with an average of 10%.
Preliminary metallurgical/mineralogical test work results have been recieved from Xstrata Process Support in Sudbury, ON. This work is being carried out on three drill composites selected from the winter drilling program. The purpose of the test work is to better understand the ore hosting minerals and to carry out preliminary magnetic separation work to better evaluate the deposit’s economics. The results to date are from the magnetic separation work only, which involves crushing and pulverizing the sample and putting the fine material through a magnetic separator to produce two fractions, a Non Magnetic fraction and a Magnetic fraction. Preliminary results from this test work indicate that a large majority of the magnetite and rare earth mineralogy is coarse grained and that there is a consistent upgrading of REE grade into the Non Magnetic fraction and a substantial upgrade of the Iron content in the Magnetic fraction. In summary 69.7% of the material reported to the Magnetic fraction and 30.3% reported to the Non Magnetic fraction.
Non Magnetic fraction: Testing of the three samples produced a 46.6% to 65.2% recovery of the Rare Earth Elements to the Non Magnetic fraction. The lower recovery of 46.6% resulted in a Non Magnetic fraction grade of 1.4% TREO with the Heavy REO representing 11.8% of the Total. The highest recovery of 65.2% resulted in a Non Magnetic fraction grade of 3.9% TREO with the Heavy REO representing 7.1% of the Total. A breakdown of the more abundant REO’s in the higher grade Non-Magnetic fraction includes 1.79% Ce2O3, 1.08% La2O3, 0.52% Nd2O3 and 0.13% Y2O3. Further upgrading of Rare Earth Elements to the Non-Magnetic fraction will require optimization of the grind size as well as testing different settings on the magnetic separator. It is anticipated that, after initial magnetic separation, additional REE concentration of the Non Magnetic fraction could be done with conventional flotation methods if the mineralogy is favourable.
Magnetic fraction: Analysis of the Magnetic fraction showed a recovery of between 86.1% and 93.1% of total Iron (Fe2O3). The amount of Fe2O3 reporting to the Magnetic fraction increased by an average of 35% from feed grade of the composites. The Iron grade of the Magnetic fraction ranged from 55.8% to 71.7% Fe2O3 and it is thought that a magnetite concentrate of similar grade is possible from this deposit.
These test results demonstrate that magnetic separation will result in two products being produced, one a high-grade iron concentrate and the second being a higher grade REE product that may be amenable to further upgrading. The results are very preliminary in nature and a larger sample will be required to follow up with the next phase of test work that would include a further upgrading of the non-magnetic fraction.
Total claim group is 1340 claim units covering 340 square kilometres, five historic rare metal showings and two new rare earth element occurrences:
All located within the Red Wine peralkaline complex that has a potential strike length 53km. All weather road access to within 20 - 50km of the various showings.
Radiometric zone traced up to 2 km long and 100m wide.
Rio Tinto outlined a Beryllium resource in 1961, however, the mineralization was never systematically assayed for REEs.
In 2009 Rare Earth Metals took 16 grab samples from a number of old blast trenches and obtained Beryllium values up to 0.97% BeO, Niobium values up to 2.35% Nb2O5, and TREO values up to 4.99%.
2010 channel sampling of old blast trenches returned assay values of 1.35% TREO / 0.52% Nb2O5 / 0.35% BeO over 30 metres.
Diamond drilling activities in 2010 tested the mineralized zone over a strike length of 600m with 6 drill holes.
Best intersection returned a value of 1.71% TREO / 0.24% Nb2O5 / 0.20% BeO over 27 metres within a wider zone of 1.04% TREO over 70.5 metres.
Mineralized zone has been traced on surface by prospecting for 1500 metres.
Mann #2
Located approximately 5.6 kilometres southwest along strike of the Mann #1 Beryllium deposit.
Mineralized outcrop and boulders appear to follow a northeast - southwest trending magnetic low.
The newly discovered Green Arrow Zone is located 250 to 1200m southwest along strike from the main Mann # 2 occurrence.
Grab samples from the Green Arrow Zone collected during 2010 prospecting activities returned assay values up to 9.08% TREO, 1.42% Nb2O5, 1.36% BeO
Over 6 kilometres of potential strike length between the Mann # 1 and # 2 mineralized trends will be targeted for drill testing in 2011.
The Two Tom Lake showing occurs within a highly prospective 2000 meter diameter circular peralkaline syenite pluton.
Discovered by Brinex in 1967
Grab samples collected during 2010 prospecting activities returned values up to 2.00% Be0, 8.71% Nb2O5 and up 6.78% TREO.
Diamond drilling activities in 2010 tested the Two Tom Mineralized Zone over a strike length of approximately 900m with 10 drill holes.
DDH TT-01 intersected 1.35% TREO / 0.31 Nb2O5% / 0.36% BeO over 105.7m
DDH TT-10 was drilled 900 meters northwest of DDH TT-01 and intersected 1.03% TREO / 0.10% Nb2O5 / 0.11% BeO over 168.5m.
Historic government grab samples returned values grading up to 0.79% Ce, 0.096% Y, 0.24% Nb, 0.16% Zr, and 0.14 % Be within a 1000 meter by 75 meter radioactive mineralized zone.
2010 prospecting activities collected 67 grab samples that returned assay values that ranged from 0.17% up to 5.29% TREO, 0.005% up to 2.18% Nb2O5 and 0.003% up to 0.56% BeO.
The distribution of the heavy rare earth oxides (HREO) as a percentage of the TREO composition (HREO/TREO) ranged from 1 to 40%. Michelin1 Prospecting
Mineralization consists of up to 40% Eudialyte, a Zirconium-Na-Ca-Silicate mineral with appreciable REEs and Y. The Company took seven grab samples from different parts of the zone resulting in ZrO2 up to 4.93% and Total Rare Earth Oxides (TREO) up to 1.04%. The rear earth oxide composition is comprised of up to 53% HREO as a percentage of the TREO.
2010 Labrador Exploration Summary
Photos 2010 Exploration Program
*** See Canada Rare Earth Corp. Website
Hinton Coal Project
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