Canada Rare Earth – In the Business of Rare Earths – Supply Chain Continues during COVID
April 14, 2020
Canada Rare Earth – In the Business of Rare Earths – Supply Chain Continues
Vancouver, British Columbia: Canada Rare Earth Corp. (“Canada Rare Earth” or the “Company”) (TSX.V: LL) is developing an international supply chain business based on existing, developing and planned processing facilities and our commodity- trading platform.
Canada Rare Earth continues to conduct its operations and move strategic projects ahead in this challenging period while ensuring it supports its staff and affiliates’ efforts to help stop the spread of the COVID-19. The Company has transitioned itself to online platforms for collaboration and meetings to ensure a minimum requirement for in person engagements with its customers and partners.
The Company is pleased to advise that it has ongoing shipments from two South American sources to its Asian customers. The shipments are in excess of 100,000 kilos of mixed concentrate. They include a proven quality concentrate and a new mixed concentrate material for testing purposes. The Company is optimistic that the new material will provide an augmentation to existing shipping tonnage once testing is complete and successful.
We look forward to re-uniting in person with customers, suppliers, and partners when it is safe to do so but in the mean time we encourage the adoption of measures to reduce the spread of the COVID-19 virus and to keep people and their families safe and healthy.
On behalf of the Board,
Tracy A. Moore, CEO and Peter Shearing, COO
ABOUT CANADA RARE EARTH CORP.
Canada Rare Earth is developing an international supply network business based on our commodity-trading platform and existing, developing and planned processing facilities. We are generating revenues and gross profits as we develop our network based on the rare earth industry and with increasing attention directed to valuable by-products. Our business involves sourcing, adding value and selling rare earths and other mineral products in all stages and forms utilizing proprietary, affiliated and third-party sources and facilities.
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.
We seek Safe Harbor.
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tracy A. Moore
Chief Executive Officer
Chief Operating Officer
Telephone: (604) 638-8886