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November 22, 2021

US Government Issues Proposed List of Critical Minerals Emphasizing Rare Earths

Vancouver, British Columbia: Canada Rare Earth Corp. (“Canada Rare Earth” or the “Company”) (TSX.V: LL) notes that the U.S. Government recently published their proposed updated list of critical minerals (the “2021 List”). The 2021 List includes 16 rare earths and a number of other minerals which are contained in the South American stockpile Canada Rare Earth acquired with two co-investors in 2019 (see news releases dated February 12, August 1, October 28 and December 19, 2019 and January 22, 2020).

Earlier this month the U.S. Geological Survey published the draft “2021 List” which identifies 50 critical minerals, an increase from the 35 commodities itemized in the 2018 list. The increase is in large part due to individually identifying 16 individual rare earth elements rather than grouping all of them as one mineral.

Tracy A. Moore, Chief Executive Officer of Canada Rare Earth commented, “the 2021 List specifies rare earth elements on an individual basis which emphasizes the importance and potential vulnerability of each to the United States and by extension to many other countries and businesses. Each of the rare earth elements has similar yet unique attributes which lends them to an incredibly wide range of applications from electric vehicles, wind turbines, telecommunications, computers, medical equipment, cracking of oil and many individual military applications.”

Peter Shearing, Chief Operating Officer of Canada Rare Earth explained, “our business continues to focus on increasing our reach and scale of commercial operations including supplying rare earths and complementary minerals to our developing customer base. We are actively sourcing from third party suppliers and are working to develop proprietary sources such as the South American stockpile.”

The U.S. Geological Survey publication states, “The United States remains heavily dependent on imports of certain mineral commodities that are vital to the Nation's economic and national security interests. This dependency has the potential to create strategic vulnerabilities arising from adverse foreign actions, pandemics, natural disasters, or other events that can disrupt the supply of critical minerals.”

Tracy A. Moore added, “with our South American assets Canada Rare Earth is well positioned to provide a solution to the serious critical minerals supply shortage experienced by so many Western countries.”

About Canada Rare Earth Corp.

Canada Rare Earth is developing an international supply network based on proprietary, affiliated and third-party mineral sources and existing, developing and planned processing facilities. We are generating revenues and gross profits from the sale of rare earths and connected mineral products.

Canada Rare Earth recently relocated its head office to Suite 2110, 650 West Georgia Street, Vancouver BC  Canada.

On behalf of the Board
Tracy A. Moore, CEO and Peter Shearing, COO 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements in this release are made pursuant to the ‘safe harbour’ provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.

For more information on the Company, interested parties should review the Company's filings that are available at


Tracy A. Moore

Chief Executive Officer

Peter Shearing

Chief Operating Officer

Telephone: (604) 638-8886



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