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Peter Shearing Appointed Chief Operating Officer of Canada Rare Earth Corp.


October 7, 2015

 

VANCOUVER, BRITISH COLUMBIA - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL ) is pleased to announce the appointment of Peter Shearing as Chief Operating Officer of Canada Rare Earth.

 

Tracy A. Moore remarked, “Peter has a significant background in operations and engineering in North America, Europe, and Asia and has been a director of Canada Rare Earth since 2012.  He is a director and the CEO of CEC Rare Earth Corp. (“REC”) whose assets Canada Rare Earth recently acquired under a previously announced transaction.  The addition of the REC assets has significantly bolstered the Company’s strengths in the rare earth industry and we are pleased that Peter has decided to join the management team in our drive to establish a vertically integrated rare earth business including the design, build and operation of rare earth separation refineries.”

 

Peter Shearing’s background is summarized as follows: Peter has widespread international business experience in high tech and contract electronics manufacturing. He has held numerous senior executive positions in operational, technical and customer facing roles in companies such as Nortel and Breconridge Manufacturing. He served as an engineering officer in the Canadian Army, filling leadership and technical roles for over a decade. He continues to contribute technical and design leadership as Vice President of EchoTrack Inc., a privately held environmental monitoring technology company serving various industries including wind energy development. He earned his bachelor’s degree of engineering from the University of Western Ontario and his master’s degree of Engineering from the Royal Military College. Previously he conducted his work in the rare earth sector through REC as CEO and director. 

 

Peter’s role going forward will be integral to the execution of Canada Rare Earth’s business plan including the development of the recently acquired REC assets and their integration with other aspects of the Company’s business.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF CANADA RARE EARTH CORP:

Tracy A. Moore, CEO & President

"Neither the 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." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."  Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements.  These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.  Actual events or results could differ materially from the Company's expectations or projections

For more information on the Company, Investors should review the Company's filings that are available at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:


Tracy A. Moore

CEO & President

canadarareearth%23com|tmoore

(604) 638-8886

Website: www.canadarareearth.com

 
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