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Canada Rare Earth Corp V.LL

Alternate Symbol(s):  RAREF

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.


TSXV:LL - Post by User

Post by ScandiumPoweron Jun 30, 2021 10:15am
121 Views
Post# 33472670

Mining executives warn Ottawa about dependence on China

Mining executives warn Ottawa about dependence on China

OTTAWA — Mining executives and national security experts are warning the federal government about China’s domination of strategic mineral supplies, saying Ottawa needs to better protect supply chains for modern technology that relies on them like electric vehicles and smart phones.In testimony before the House of Commons natural resources committee this month, experts described China’s decades-long efforts to control the market for critical minerals — including the 17 rare earth elements — by rapidly expanding its processing capacity or by acquiring foreign assets to dominate supply chains. The minerals, which include magnesium, lithium and scandium, are used to develop such strategic products as solar panels, wind turbines, electric car batteries, mobile phone components and guided missiles.

https://nationalpost.com/news/canada/mining-executives-warn-ottawa-about-dependence-on-china-for-strategic-minerals-amid-deteriorating-relations
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