Canada Rare Earth Secures the Right to Acquire Majority Ownership of World Class Tin and Essential Minerals Bom Futuro Project
Canada Rare Earth Secures the Right to Acquire Majority Ownership of World Class Tin and Essential Minerals Bom Futuro Project
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2023) - Canada Rare Earth Corp. (TSXV: LL) ("Canada Rare Earth" or "the "Company") is pleased to announce obtaining the right to increase its ownership in the Bom Futuro tailings property in the state of Rondonia, Brazil to a controlling 52% and to become the operator of the project.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年8月28日)-加拿大稀土公司(多倫多證券交易所股票代碼：LL)(以下簡稱“加拿大稀土”或“公司”)高興地宣佈獲得將其在巴西隆多尼亞州Bom Futuro尾礦場的所有權增加到52%的控股權，並成為該專案的運營商。
Certain highlights of the Bom Futuro property include:
Bom Futuro物業的一些亮點包括：
- Permit issued for extraction activities;
- 70 million tons of tailings accumulated from 25 years of tin mining by the Paranapanema Company and artisanal operators;
- The tailings contain multiple essential, critical and commercially saleable minerals including tin/cassiterite, ilmenite, zircon and rare earths;
- The tailings are situated on 590 hectares of 9,960 hectares of leased property;
- The tailings derived from any current and future mining operations over the 26 year lease term are also included;
- Information regarding the tailings is available in a 43-101 report and has been augmented through internal work and other 43-101 non-compliant sources; and
- Right of first refusal to purchase the mineral rights underlying the 9,960 hectares.
- 為採掘活動頒發的許可證；
- Paranapanema公司和手工經營者在25年的錫礦開採中積累的7000萬噸尾礦；
- 這些尾礦含有多種基本的、關鍵的和商業上可出售的礦物，包括錫/錫石、鈦鐵礦、鋯石和稀土；
- 這些尾礦位於9960公頃租賃物業中的590公頃上；
- 來自26年租賃期內任何現有和未來採礦作業的尾礦也包括在內；
- 關於尾礦的資訊可在43-101報告中獲得，並通過內部工作和其他43-101不符合規定的來源得到補充；以及
- 優先購買權購買9960公頃土地上的礦業權。
The Bom Futuro property and circumstances have been described in a number of the Company's news releases including December 7, 2022, February 23, 2022, January 22, 2020 and December 19, 2019.
Bom Futuro的財產和情況已經在公司的多份新聞稿中進行了描述，這些新聞稿包括2022年12月7日、2022年2月23日、2020年1月22日和2019年12月19日。
Currently, as project lead, Canada Rare Earth is conducting development work to finalize the operational plans and production estimates for the extraction of essential minerals including tin, zircon, monazite and ilmenite. This work includes bulk material tests, development of flow sheets, equipment selection, financial modelling, and mineral/metallurgical analyses.
目前，作為專案牽頭單位，加拿大稀土公司正在進行開發工作，以最終確定提煉錫、鋯石、獨居石和鈦鐵礦等基本礦物的業務計劃和產量估算。這項工作包括散裝材料測試、流程圖的制定、設備選擇、財務建模和礦物/冶金分析。
The Company is well advanced in the process development and based on the expected operational and commercial projections, the three owners of Bom Futuro unanimously agreed that Canada Rare Earth may increase its equity position to 52% from the current 20% by arranging financing for development and becoming the operator for the project. The Company is working closely with its investment banking partners to raise funds to bring the property into operations.
本公司在流程開發方面進展良好，根據預期的營運及商業預測，Bom Futuro的三名擁有人一致同意，加拿大稀土可透過安排發展融資及成為專案運營者，將其股權由目前的20%提高至52%。該公司正在與其投資銀行合作夥伴密切合作，籌集資金，使該物業投入運營。
Tracy A. Moore, CEO of Canada Rare Earth explained, "our team is extremely pleased to be nearing the financing and implementation phase of our project. In the very near term, we expect to capitalize on the essential minerals contained within the tailings, by applying more modern approaches, know-how and equipment than has historically been utilized. Our goal is to provide value to our shareholders and stakeholders and to become a significant, contributing member of the local community in proximity to the project which for years produced 3% of the global tin supply."
加拿大稀土公司首席執行官特雷西·A·莫耳爾解釋說：“我們的團隊非常高興能夠接近我們專案的融資和實施階段。在很短的時間內，我們希望通過應用比歷史上使用的更現代的方法、技術和設備來利用尾礦中包含的基本礦物。我們的目標是為我們的股東和利益相關者提供價值，並成為該專案附近當地社區的重要貢獻成員，該專案多年來生產了全球錫供應的3%。”
Peter Shearing, COO of Canada Rare Earth, elaborated, "we are very confident with our plans for Bom Futuro operations and are looking forward to transitioning from planning to implementation of the overall project."
加拿大稀土公司首席運營官彼得·希林詳細闡述道：“我們對Bom Futuro的運營計劃非常有信心，並期待著從規劃過渡到整體專案的實施。”
About Canada Rare Earth Corp.
關於加拿大稀土公司
Canada Rare Earth Corp. is developing an international integrated business focusing on essential and critical minerals, including rare earths. Our strategy is to generate revenues and positive cash flow as we acquire and develop our own properties and establish value-add processing capabilities.
加拿大稀土公司(Canada Rare Earth Corp.)正在發展一項國際綜合業務，專注於包括稀土在內的必要和關鍵礦物。我們的戰略是在收購和開發我們自己的物業並建立增值處理能力的同時，創造收入和正現金流。
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. Forward-looking statements in this release are made pursuant to the 'safe harbour' provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券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。本新聞稿中的前瞻性陳述是根據1995年“私人證券訴訟改革法”的“安全港”條款作出的。提醒投資者，此類前瞻性陳述包含風險和不確定因素。
For more information on the Company, interested parties should review the Company's filings that are available at .
欲瞭解有關該公司的更多資訊，有興趣的各方應查閱該公司的備案檔案，網址為。
FOR FURTHER INFORMATION, PLEASE CONTACT:
欲瞭解更多資訊，請聯繫：
Tracy A. Moore
Chief Executive Officer
tmoore@canadarareearth.com
特雷西·A·莫耳爾
首席執行官
郵箱：tmoore@canadarareEarth.com
Peter Shearing
Chief Operating Officer
pshearing@canadarareearth.com
彼得·希林
首席運營官
郵箱：pshing@canadarareEarth.com
Telephone: (604) 638-8886
Website:
電話：(604)638-8886
網站：
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。