Business
Canada Rare Earth - In the Business of Rare Earths - March 2020 Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2020) -  Canada Rare Earth Corp. ...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"Canada Rare Earth - In the Business of Rare Earths - March 2020 Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - March 2, 2020) -  Canada Rare Earth Corp. (TSXV: LL) (\"Canada Rare Earth\" or the \"Company\") is developing an international supply chain business based on existing, developing and planned processing facilities and our commodity-trading platform.The Company is pleased to confirm significant advances in the development of our vertically and horizontally integrated business which focuses on rare earths and complementary products associated with our rare earth feedstock such as cassiterite, zircon, ilmenite and rutile.We encourage stakeholders and interested parties to read our updated power point presentation found on our website at: http://www.canadarareearth.com/upload/documents/crec-investor-presentation-february-28th001.pdfIn summary:Unique Strategic DifferentiationWe continue to proactively develop our business with four cornerstones: developing, acquiring and utilizing value-add processing facilities utilizing proven rare earth processing technology and experience; sourcing feedstock and saleable products; selling products to an existing and expanding customer base; andarranging financing to support our development and operational activities.Processing and Adding Value Rare earth concentrates must be separated into the individual elements in order for the rare earths to be of commercial value to manufacturers. We have a long standing and secure relationship with a group having more than twenty-five years of engineering experience directly related to rare earth refinery design, construction, and importantly to operations. We continue to work diligently on obtaining the final operating permit for a refinery built and ready for operations (the \"Laos Refinery\"). The Laos Refinery is designed to produce 3,000 metric tons/year of the complete range of rare earth oxides (approximately 2% of the global market) and with expansion capability to 6,000 metric tons/year. Once Canada Rare Earth is successful in obtaining the final permit, we intend to exercise our right to purchase a majority interest in the Laos Refinery.We are also proactively focusing efforts to establish a rare earth refinery in South America based on our familiarity with feedstock sources in relatively close proximity. From time to t...