Business
Canada Rare Earth Corp.: Significant Progress in the Permitting of the Rare Earth Refinery
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX VENTURE:LL) is pleased to provi
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 22, 2017) - Canada Rare Earth Corp. (\"Canada Rare Earth\" or the \"Company\") (TSX VENTURE: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 al...