Business
Canada Rare Earth Builds Its Global Trading Business and Appoints Head of Global Trading
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2021) - Canada Rare Earth Corp.  ...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"Canada Rare Earth Builds Its Global Trading Business and Appoints Head of Global TradingVancouver, British Columbia--(Newsfile Corp. - July 19, 2021) - Canada Rare Earth Corp. (TSXV: LL)  (\"Canada Rare Earth\" or the \"Company\") is continuing to build its global trading business focused on technology materials centred around rare earths and is pleased to announce the appointment of Mr. Elyse Kohyann as Head of Global Trading.Elyse Kohyann comes to Canada Rare Earth with a wealth of international commodity trading experience having managed over 15 years, billions of US dollars in trading turnover working for such companies as Trafigura, Rusal, and Concord Resources Ltd. and having traded with the major upstream and downstream players in the base metal industry. Based in Asia for the past decade, Mr. Kohyann has developed new markets and extended his global reach in the Middle East, Africa, Europe, and South America. Tracy A. Moore, Chief Executive Officer of the Company explained, \"As we have indicated in previous announcements, we are committed to building our global trading business. With the addition of Elyse to our team as a proven, experienced and capable trader and leader we are confident that the Company will accelerate the growth of its rare earth and complementary products trading business. We are extremely pleased to have Elyse join our team as the Head of Global Trading.\"Peter Shearing, Chief Operating Officer added, \"Elyse joins Canada Rare Earth at a key point in the expansion of our business as we prepare for processing the Brazilian stockpile to produce multiple streams of commercially saleable products including cassiterite, zircon, ilmenite and rare earths. While the Company remains focused on creating value from the sourcing and processing of rare earths we view trading of rare earth and technology materials as a key pillar to increase our capabilities and extend our reach.\"Mr. Kohyann has in-depth experience in logistics and operations, metal and mining trading, arbitrage and derivatives trading and risk management. He is fluent in French and English, proficient in Spanish and German and has conversational Chinese spoken skills. Mr. Kohyann stated, \"I'm delighted to join Canada Rare Earth Corp. and to have the opportunity grow the company global trading book of rare earth and its related produc...