Canada Rare Earth Enters Agreement in Principle to Acquire a Rare Earth Refinery
Canada Rare Earth Enters Agreement in Principle to Acquire a Rare Earth Refinery
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2022) - Canada Rare Earth Corp. (TSXV: LL) ("Canada Rare Earth" or the "Company") is pleased to announce that it has entered into an Agreement in Principle on April 24, 2022 for the purchase of an existing rare earth refinery situated in South East Asia.
不列顛哥倫比亞省溫哥華--（Newsfile Corp. ——2022年4月28日）——加拿大稀土公司（多倫多證券交易所股票代碼：LL）（”加拿大稀土“或者”公司“）很高興地宣佈，它已於2022年4月24日簽訂了一項原則協議，收購位於東南亞的現有稀土煉油廠。
"The refinery is based on technology and processes already deployed and in production at a dozen other rare earth processing plants and is capable of producing approximately 3,000 metric tons (3,000,000 kilograms) of the complete spectrum of rare earth oxides. The capability to produce high-profile neodymium ("Nd"), praseodymium ("Pr"), dysprosium ("Dy") and terbium ("Tb") oxides is of critical importance to the rapidly developing and growing electrification and EV market sectors. These valuable elements are trading at strong price levels and demand is not fully satisfied by current output levels of existing facilities. For example, Nd and Pr are currently selling for approximately US$135 per kilogram and Dy and Tb for US$397 and US$2,200 per kilogram respectively, according to Baiinfo," Peter Shearing, COO of Canada Rare Earth explained.
“該煉油廠以已經部署的技術和工藝爲基礎，並在其他十幾家稀土加工廠投入生產，能夠生產約3,000公噸（300萬千克）的全系列稀土氧化物。生產備受矚目的釹（“Nd”）、鈀（“Pr”）、鎘（“Dy”）和鈦（“Tb”）氧化物的能力對於快速發展和增長的電氣化和電動汽車市場領域至關重要。這些有價值的元素在強勁的價格水平上交易，現有設施的當前產出水平並不能完全滿足需求。例如，根據Baiinfo的數據，Nd和Pr目前的售價約爲每千克135美元，Dy和Tb的售價分別爲每千克397美元和2,200美元。” 加拿大稀土首席運營官彼得·希林解釋說。
Tracy A. Moore, CEO of Canada Rare Earth continued, "We are working closely with the owners. Our negotiations are going very smoothly and progressing rapidly towards a definitive agreement for the acquisition. Price will contemplate two permitting scenarios - operating permit received and pending. It is anticipated the definitive agreement will contain detailed commercial and proprietary terms customary for such documents. We have been involved with this refinery for a number of years and believe this is the best moment to move forward with the acquisition."
加拿大稀土公司首席執行官特雷西·摩爾繼續說：“我們正在與業主密切合作。我們的談判進展非常順利，正在迅速達成收購的最終協議。Price 將考慮兩種許可情景——已收到和待處理的運營許可證。預計最終協議將包含此類文件慣用的詳細商業和專有條款。我們參與這家煉油廠已有多年了，我們相信這是推進收購的最佳時機。”
The acquisition is subject to finalizing the definitive agreement and arranging financing.
此次收購有待最終協議敲定並安排融資。
Peter Shearing added, "With Canada Rare Earth's steadily growing supply of rare earth concentrates, we are confident in our ability to supply the needed concentrate feedstock to the refinery for its current capacity and to support expansion plans in future years. We are also working towards expanding our sources, especially in-country, to supply the refinery and address the needs of our existing customer base."
Peter Shearing補充說：“隨着加拿大稀土精礦供應的穩步增長，我們有信心爲煉油廠目前的產能提供所需的精礦原料，並支持未來幾年的擴張計劃。我們還在努力擴大供應來源，尤其是國內來源，以供應煉油廠並滿足現有客戶羣的需求。”
ABOUT CANADA RARE EARTH CORP.
關於加拿大稀土公司
Canada Rare Earth Corp. is developing an international vertically integrated business within the global rare earth industry. Our key focus is to generate revenues and positive cash flow from a variety of profit centres in the rare earth production and sales chain by sourcing, adding value and selling rare earths in all stages and forms. We are in the process of establishing our own mining, concentrating and refinery capabilities in addition to working with affiliated and third party organizations.
Canada Rare Earth Corp. 正在全球稀土行業內發展一項國際垂直整合業務。我們的主要重點是通過採購、增值和銷售各個階段和形式的稀土，從稀土生產和銷售鏈中的各個利潤中心創造收入和正現金流。除了與附屬組織和第三方組織合作外，我們還在建立自己的採礦、濃縮和煉油能力。
ON BEHALF OF THE BOARD OF DIRECTORS OF CANADA RARE EARTH CORP:
代表加拿大稀土公司董事會：
Tracy A. Moore, CEO Peter Shearing , COO
Tracy A. Moore，首席執行官 Peter Shearing，首席運營官
"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。”
For more information on the Company, interested parties should review the Company's filings that are available at .
有關公司的更多信息，有關各方應查看公司的文件，網址爲。
FOR FURTHER INFORMATION PLEASE CONTACT:
欲了解更多信息，請聯繫：
Contact Information:
聯繫信息：
Tracy A. Moore
CEO tmoore@canadarareearth.com
特雷西 ·A· 摩爾
首席執行官 tmoore@canadarareearth.com
Peter Shearing
COO
pshearing@canadarareearth.com
彼得·希林
COO
pshearing@canadarareearth.com
(604) 638-8886
Website:
(604) 638-8886
網站：
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譯文內容由第三人軟體翻譯。