Canada Rare Earth to Provide Business Development Services for Laos Rare Earth Refinery

Canada Rare Earth Corporation (TSXV:LL) announced Monday that it will provide corporate finance, strategic and business development services for a full spectrum rare earth refinery in Laos. The refinery was financed, designed and built by a Canada Rare Earth affiliate, and the company believes it to be “the first full scale, full spectrum refinery built outside of China in 20 years.”

As quoted in the press release:

The rare earth separation refinery (the “Refinery”) is situated in Laos on 7 hectares of land and is housed in approximately 24,000 square metres of buildings and facilities. The current installed equipment configuration has the capacity to separate 3,000 metric tons of rare earth oxides annually with purities as high as 99.995% depending on customer requirements. The existing infrastructure is sufficient and has been built to accommodate a second separation line thereby doubling capacity. The Refinery was designed, built and financed by a Canada Rare Earth affiliate with over 10 years of directly related experience in rare earth refinery design, construction and very importantly, operations. Applications for final approvals and permits for the Refinery are in process.

Canada Rare Earth CEO, Tracy A. Moore, said:

The completion of our affiliate’s Refinery in Laos is truly a remarkable feat. To the best of our knowledge, this is the first full scale, full spectrum refinery built outside of China in 20 years. The Refinery is capable of separating a complete array of commercially traded rare earths into individual oxides with the high purity levels that customers require for today’s products. The Refinery is based on proven know-how and over 10 years of directly related experience by its owner. Canada Rare Earth’s association with this refinery adds tremendous credibility to our vertical integration strategy. The Refinery, once permitted and commissioned, will be a leading supplier outside of China of consistent, quality rare earths for international manufacturing companies and their supply networks.

Click here to read the Canada Rare Earth Corporation (TSXV:LL) press release