Canada Rare Earth (TSE:LL) has released an update.
Canada Rare Earth Corp. has announced a pivotal supply agreement with Congolese state-owned mining company SAKIMA SA, via its subsidiary Simba Essential Minerals, to fortify its supply of rare earth elements from the Democratic Republic of Congo. This agreement is set to boost the company’s supply volumes and margins, reinforcing its competitive edge in the global essential minerals market. Executives from both companies express strong commitment to responsible mining practices and the positive impact on local communities and the company’s growth.
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