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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 22, 2014) - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") ( TSX VENTURE:LL) is pleased to announce that it has entered into a long term rights agreement to purchase all of the rare earth concentrate to be produced from a property, known as the Mata Azul property, situated in Tocantins, Brazil. The mineral rights are owned by Mineracao Mata Azul S.A. ("Mata Azul"). The Mata Azul property is of significant interest to Canada Rare Earth as discussed in the news release dated February, 2014. In particular the property has been the subject of several exploration programs including sampling, regional mapping, drilling wells, trenching, auger drilling, chemical and petrographic analyzes, mineralogy and beneficiation tests. |
