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Canada Rare Earth Establishes Rare Earth Supply Chain Operations in DRC Through Subsidiary Simba Essential Minerals

Canada Rare Earth Establishes Rare Earth Supply Chain Operations in DRC Through Subsidiary Simba Essential Minerals

加拿大稀土通過子公司 Simba Essential Minerals 在剛果民主共和國建立稀土供應鏈業務
newsfile ·  02/27 02:05

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2024) - Canada Rare Earth Corp. (TSXV: LL) ("Canada Rare Earth" or the "Company") is pleased to announce the establishment of rare earth supply operations in the Democratic Republic of Congo ("DRC") marking a significant milestone in its expansion strategy. Concurrent with this expansion, Canada Rare Earth's trading operations have demonstrated strong performance, with transactions exceeding $7,500,000 since the commencement of the fiscal year on April 1, 2023. The Company has also acquired $1.5 million of trade-focused capital to facilitate increased supply volumes of essential mineral concentrates for its customers.

不列顛哥倫比亞省溫哥華--(Newsfile Corp.,2024 年 2 月 26 日)-加拿大稀土公司(TSXV:LL)(”加拿大稀土“或者”公司“)很高興地宣佈在剛果民主共和國(“DRC”)建立稀土供應業務,這標誌着其擴張戰略的一個重要里程碑。在擴張的同時,加拿大稀土的交易業務表現強勁,自2023年4月1日財年開始以來,交易量已超過750萬美元。該公司還收購了150萬美元以貿易爲重點的資本,以促進其客戶增加必需礦物濃縮物的供應量。

The proprietary operations in the DRC will be conducted through its wholly-owned subsidiary, Simba Essential Minerals S.A.S., incorporated in December 2023 ("Simba") under the direction of Mr. Steve Sadiki, the CEO and President of Simba.

剛果民主共和國的專有業務將通過其於2023年12月註冊的全資子公司Simba Essential Minerals S.A.S進行(”辛巴“)在辛巴首席執行官兼總裁史蒂夫·薩迪基先生的指導下。

Steve Sadiki, CEO and President of Simba Essential Minerals, stated, "By establishing our proprietary operations, we are simultaneously expanding Canada Rare Earth's supply capabilities while instituting a more controlled and secure source of rare earth minerals from the Kivu Provinces, a region well known for its rich mineral resources. We are dedicated to harnessing these resources responsibly, bringing benefits not only to our shareholders but also to the local communities that are integral to our operation."

Simba Essential Minerals 首席執行官兼總裁史蒂夫·薩迪基表示,”通過建立專有業務,我們同時擴大了加拿大稀土的供應能力,同時從基伍省建立了更加可控和安全的稀土礦物來源,該地區以豐富的礦產資源而聞名。我們致力於負責任地利用這些資源,不僅爲我們的股東帶來利益,而且爲當地社區帶來利益,這是我們運營不可或缺的一部分。”

The DRC, particularly the Kivu Provinces, is renowned for its abundant mineral deposits, including rare earths, making it a strategic location for Canada Rare Earth's expansion efforts.

剛果民主共和國,尤其是基伍省,以其豐富的礦藏(包括稀土)而聞名,使其成爲加拿大稀土擴張的戰略要地。

"The geological richness of the Kivu Provinces provides us with a unique opportunity," Bob Schafer, a member of the Company's board of advisors, commented. "As a key stakeholder in Simba Essential Minerals, I see our move into the DRC as a game-changer that will yield long-term benefits through an enhanced supply of rare earth elements essential for modern technology."

該公司顧問委員會成員鮑勃·謝弗評論說:“基伍省的地質豐富性爲我們提供了難得的機會。”“作爲 Simba Essential Minerals 的主要利益相關者,我認爲我們進入剛果民主共和國將改變遊戲規則,通過增加現代技術必不可少的稀土元素的供應,帶來長期利益。”

Key Highlights of Canada Rare Earth's operations in the DRC:

加拿大稀土在剛果民主共和國業務的主要亮點:

  1. Local Leadership: The operations in the DRC are under the expert guidance of Mr. Steve Sadiki, a highly experienced and well-established American-Congolese businessman who ensures a deep understanding of local dynamics and fosters strong community relations.
  2. Artisanal Mining Cooperatives: The initial startup supply will be sourced from local artisanal mining cooperatives, promoting responsible sourcing and empowering local miners.
  3. Supply Expansion: Rare earth concentrate supply is expected to ramp up from 100 to 500 tons per month by mid-2024, signifying substantial growth in production capacity.
  4. Investment in Technology: Canada Rare Earth will invest in state-of-the-art processing technology and equipment to enhance production efficiency, maintain product quality, and reduce operating costs.
  5. Mineral Concessions: The Company is actively exploring mineral concessions for acquisition, intending to secure 2-3 exclusive sources of rare earth concentrate and other minerals for purchase and operation by the end of 2024. These proprietary concessions will significantly boost supply and reduce costs, complementing the artisanal supply chain.
  1. 地方領導: 剛果民主共和國的業務由史蒂夫·薩迪基先生的專家指導。史蒂夫·薩迪基先生是一位經驗豐富、聲譽卓著的美籍剛果商人,他確保對當地動態的深入了解並促進牢固的社區關係。
  2. 手工採礦合作社: 最初的啓動供應將來自當地的手工採礦合作社,促進負責任的採購並賦予當地礦工權力。
  3. 供應擴大: 到2024年中期,稀土精礦供應量預計將從每月100噸增加到500噸,這意味着產能的大幅增長。
  4. 科技投資: 加拿大稀土公司將投資最先進的加工技術和設備,以提高生產效率,保持產品質量並降低運營成本。
  5. 礦產特許權: 該公司正在積極探索收購礦產的特許權,打算在2024年底之前獲得2-3種稀土精礦和其他礦產的獨家採購和運營。這些專有特許權將顯著增加供應並降低成本,補充手工供應鏈。

As part of its commitment to sustainable development and corporate responsibility, Canada Rare Earth is dedicated to delivering economic and social benefits to the local community, and a portion of sales revenue will be allocated to fund social development initiatives, fostering positive change in the region. The Company will continue to provide updates on its progress as it works towards the sustainable development of its operations and the enrichment of local communities in the Democratic Republic of Congo.

作爲其對可持續發展和企業責任的承諾的一部分,加拿大稀土致力於爲當地社區提供經濟和社會福利,部分銷售收入將用於資助社會發展計劃,促進該地區的積極變革。在努力實現業務可持續發展和豐富剛果民主共和國當地社區的過程中,該公司將繼續提供最新進展情況。

Don Anderson, CIO of Canada Rare Earth, expressed enthusiasm, stating, "Establishing proprietary supply operations in the Democratic Republic of Congo through Simba Essential Minerals is a major advancement in the Canada Rare Earth growth strategy. In Simba, we have an excellent Congolese team and we will have much better control of quality and shipments to enable us to grow our product supply to meet our growing customer demands."

加拿大稀土首席信息官唐·安德森表達了熱情,他說:”通過 Simba Essential Minerals 在剛果民主共和國建立專有供應業務是加拿大稀土增長戰略的一項重大進展。在辛巴,我們擁有一支優秀的剛果團隊,我們將更好地控制質量和出貨量,使我們能夠增加產品供應以滿足不斷增長的客戶需求。”

Furthermore, the Company is progressing in finalizing the acquisition of a majority stake in Privco, which will provide a substantial and reliable supply of essential minerals.

此外,該公司正在完成對Privco多數股權的收購,這將提供大量可靠的必需礦物供應。

Peter Shearing, CEO, commented on the Company's swift progress and the strategic significance of the Privco acquisition to the Company's revenue and supply chain prospects, "Our Company's trading infrastructure has made rapid strides, and the volumes we've secured are substantial. We're optimistic about the growth ahead. With the Privco acquisition nearing completion, we expect to see a tangible increase in near-term revenue and cash flow. Following the acquisition, we're set to begin direct shipping rare earth minerals to our established customer base from the ready-to-operate Privco site."

首席執行官彼得·希林評論了公司的迅速進展以及收購Privco對公司收入和供應鏈前景的戰略意義,”我們公司的交易基礎設施取得了長足的進步,我們已經獲得了可觀的交易量。我們對未來的增長持樂觀態度。隨着對Privco的收購接近完成,我們預計短期收入和現金流將顯著增加。收購後,我們將開始從現成運營的Privco基地向我們已建立的客戶群直接運送稀土礦物。”

About Canada Rare Earth Corp.

關於加拿大稀土公司

Canada Rare Earth Corp. operates a rapidly growing global essential minerals business built from over a decade of success in rare earth minerals and products. Our strategy leverages near-term positive cash flow opportunities supporting our business growth, including acquiring and developing proprietary projects, resources and processing capabilities and facilities. For more information on our strategy, please see our updated corporate overview at .

加拿大稀土公司經營着快速增長的全球必需礦產業務,該業務建立在稀土礦物和產品領域十多年的成功基礎上。我們的戰略利用短期正現金流機會支持我們的業務增長,包括收購和開發專有項目、資源以及處理能力和設施。有關我們戰略的更多信息,請參閱我們最新的公司概述,網址爲。

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.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company's continuous disclosure filings with the Canadian Securities Administrators, available on the SEDAR+ website at .

本新聞稿包含加拿大證券立法所指的前瞻性陳述和前瞻性信息(統稱爲 “前瞻性陳述”),與公司當前的預期和對未來事件的看法有關。無法保證這些預期會被證明是正確的,不應過分依賴本新聞稿中包含的此類前瞻性陳述。這些聲明僅代表截至本新聞稿發佈之日。前瞻性陳述基於多種假設,存在許多風險和不確定性,其中許多風險和不確定性是公司無法控制的,這可能導致實際業績和事件與此類前瞻性陳述中披露或暗示的結果和事件存在重大差異。讀者應參考公司向加拿大證券管理局提交的持續披露文件中討論的風險,該文件可在SEDAR+網站上查閱,網址爲。

FOR FURTHER INFORMATION, PLEASE CONTACT:

欲了解更多信息,請聯繫:

Peter Shearing
Chief Executive Officer
pshearing@canadarareearth.com

彼得·希林
首席執行官
pshearing@canadarareearth.com

Janet Meiklejohn
Chief Financial Officer
jmeikjlejohn@canadarareearth.com

珍妮特·米克爾約翰
首席財務官
jmeikjlejohn@canadarareearth.com

Telephone: (604) 638-8886
Website:

電話:(604) 638-8886
網站:

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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