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Canada Rare Earth Corp. acquires major stake in a Laos refinery, boosting rare earth production.
Canada Rare Earth Corp. has agreed to acquire a 70% stake in a fully permitted rare earth refinery in Laos, with a yearly production capacity of 3,000 tonnes.
The refinery, set to be operational by Q4 2025 after minor refurbishments, will benefit from nearby rare earth mines.
The company plans to seek offtake partners and investors to secure rare earth oxide supplies and ensure steady revenue.
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Canadá Rare Earth Corp. adquiere una participación importante en una refinería de Laos, impulsando la producción de tierras raras.