Toyotsu Rare Earth Canada Gets Equity Stake in Kipawa Site

The International Business Times reported that  a subsidiary of a subsidiary of Toyota-Tsusho Corp, Toyotsu Rare Earth Canada, has secured an equity stake of 49% undivided interest in the Kipawa HREE Deposit of Matamec Explorations. This move has come about after the supply chain from China was disrupted.

As quoted in the market report:

Matamec confirmed in an email that Toyota’s subsidiary had received a second payment of worth 1,119,776 CAD (USD 1.3 million) from its Japanese partner Toyotsu Rare Earth Canada Inc..

To view the whole International Business Times report, click here.