Canada Rare Earth Corp V.LL

Alternate Symbol(s): RAREF

Metals & Mining Industrial Metals & Minerals

Canada Rare Earth Corp. operates a global essential minerals business in the rare earth minerals and products sector. The Company is engaged in acquiring and developing proprietary projects, resources, and processing facilities. It is engaged in the development of the Bom Futuro Project. The property is known to contain rare earths, cassiterite (tin), zircon, ilmenite and wolframite. It has the right to acquire a majority interest in a private company, which owns and operates a mining quarry (the Quarry). It is also engaged in the process of establishing a rare earth supply operation in the DRC. Its products include high-purity simple oxides, rare earth fluorides, larger particle/nano rare earth oxides, and custom products. The high-purity simple oxides include cerium oxide, dysprosium oxide, erbium oxide, europium oxide, gadolinium oxide, and holmium oxide, among others. The rare earth fluorides include lanthanum fluoride, neodymium fluoride, and yttrium fluoride.

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Canada Rare Earth Corp

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Post by Cussyon Oct 27, 2010 9:52am

428 Views

Post# 17617655

Smart move...

All of these companies have to raise money, and RA just put this in motion at prices that have minimal dilutive effects... Take a look at what most of these Jr.s pop their PP's off at... We just put in motion app. 5 million bucks... (assuming the warrants get excersized down the road) This PP was not issued at a discount to the current share price, but at a slight premium... I like this deal alot, especially because the time for REE's is now... Interesting also that they put a Share Holders Rights plan on the table... Again... Smart... Consolidation is going to happen for sure... Read that last sentance twice... There is more there than meets the eye...

Cheers
Cussy, the Windsurfer:)

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