Canada Rare Earth (TSE:LL) has released an update.
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Canada Rare Earth Corp. has significantly expanded its operations by establishing a new rare earth supply chain in the Democratic Republic of Congo through its subsidiary, Simba Essential Minerals. The move includes a strong trading performance with over $7.5 million in transactions and a $1.5 million investment in trade-focused capital. This strategic expansion is expected to ramp up supply, empower local miners, and provide long-term benefits through responsible sourcing and community engagement.
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