Canada Rare Earth to Acquire Rare Earth Separation Refinery, Laos
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Canada Rare Earth Corporation has entered into an agreement to purchase 60 percent of a company based in Laos (LaosCo). LaosCo owns a full capability rare earth refinery that is designed to process monazite rare earth concentrate and separate the concentrate into the entire spectrum of commercially traded rare earths including light and heavy elements. LaosCo’s future development plans entail extending capabilities to include rare earth metal making.
The configuration of the refinery is based on years of design, construction and operating experience in separating rare earth concentrates into individual rare earth oxides to at least 99.99 percent purity. The engineering team that designed and built the refinery has built 10 similar refineries that each produce more than 3,000 tpa of rare earths including heavy and light elements.
As a part of the transaction the refinery will become a core element in the company’s operations. Canada Rare Earth will market internationally and sell products directly to customers globally.
About Canada Rare Earth Corp.
Canada Rare Earth Corp. is developing an international vertically and horizontally integrated business within the global rare earth industry. Its key focus is to generate revenues and positive cash flow from a variety of profit centers in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. It is in the process of establishing its own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
To stop by Canada Rare Earth’s website, CLICK HERE
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