Canada Rare Earth Corporation (TSX.V:LL):
Canada Rare Earth Corp. is a rapidly growing global essential minerals business built from over a decade of success in rare earth minerals and products.
Their strategy leverages near-term positive cash flow opportunities supporting business growth, including acquiring and developing proprietary projects and resources.
Additionally, I found some general information about the rare earth elements industry in Canada:
Canada has significant rare earth deposits and resources, with estimated reserves of over 15.2 million tonnes of rare earth oxide in 2023.
However, despite this abundance, Canada’s rare earth mining industry has shrunk over the past decade, with only a handful of companies remaining, mostly focused on refining or recycling.
The high cost of building a mine (hundreds of millions of dollars) and lack of a supply chain in North America have deterred many investors.
Recent developments in Canada’s rare earth mining industry include:
The Nechalacho rare earth elements mine in the Northwest Territories started production in 2021, marking Canada’s first rare earth mining project.
The mine is operated by Cheetah Resources, a subsidiary of Australian company Vital Metals, and aims to produce end-products used in technology manufacturing.
It’s worth noting that there are ongoing efforts to develop alternative rare earth sources outside of China, including in Australia, Brazil, Canada, South Africa, and the United States.
Overall, Canada Rare Earth Corporation appears to be a company focused on developing and growing its rare earth minerals business, leveraging its proprietary projects and resources to achieve near-term positive cash flow and long-term growth