Canada Rare Earth Corporation

VANCOUVER, BRITISH COLUMBIA - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX.V: LL) is pleased to announce the appointment of Bill Mcgregor as Managing Director Business Development for Southeast Asia and Australia.

Tracy A. Moore, chief executive officer explained, “we are extremely pleased to welcome Bill as a critical member of our team. Bill has collaborated with us on a number of initiatives over the past few years. With this successful experience, we are very pleased to be engaging Bill on a more comprehensive basis extending Canada Rare Earth’s development activities in Southeast Asia and Australia.  We have great respect for Bill’s abilities and welcome his perspectives on our projects in other regions such as South America and Africa.”

Bill is a successful business development, corporate finance and capital raising specialist with transaction experience across Southeast Asia, Australia and Africa. He is based in Singapore, works closely with the funding ecosystem that has developed there and  now has an increasing focus on origination, development and financing of resource projects across Asia and Australia. In particular, he has recently  focused on technology metals including lithium, nickel and rare earths. In prior years Bill was involved in more conventional sectors including copper, gold and coal projects. Bill has originated and negotiated joint venture businesses with major resource houses including Vale, Anglo American and Ivanhoe Mines as well as many junior listed and private companies.

Building on long experience, Bill maintains strong links within the resources sector in Southeast Asian countries and Australia. Australia is already a global player in rare earths and he is seeking to also realize the potential of other countries in Asia – both as suppliers and users.

Bill Mcgregor elaborated, “I have enjoyed working for CREC and look forward to working as a close team member in creating CREC’s global essential minerals supply chain strategy with a footprint encompassing several continents. With global sourcing, production and processing capabilities, and its penetration of international product markets, I believe CREC is uniquely positioned to become a major player in the RE space. My challenge, which I am excited to accept, is to ensure that CREC participates to the fullest extent in the established upstream source market of Australia and the emerging and fast-growing countries of Southeast Asia. I am also pleased to contribute to the CREC team in delivering on their wider global ambitions.”

The Company will be issuing 2,150,000 stock options to officers, directors and consultants of the Company.  These options vest over 24 months and are exercisable at 5 cents per share for 3 years.

 
About Canada Rare Earth Corp.
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.
 
Certain Information
The Company’s quarterly report (financial statements and management discussion and analysis) for the nine months ended December 31, 2022, was recently filed on SEDAR.com.
 
Certain information included herein and in the recent filing may constitute forward-looking statements within the meaning of applicable laws and regulations. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties, which could cause actual results to differ materially from those anticipated. We expressly disclaim any obligation to update forward-looking statements unless so required by applicable law, and readers should read this news release with the understanding that actual future results may be materially different from those expected.
 
Neither 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.
For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.