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RareX Executes Landmark MoU with Global Rare Earths Producer Shenghe Resources




MOU opens up exciting growth opportunities for RareX in the rare earths industry


HIGHLIGHTS

  • Non-binding MoU executed with US$4.6B global rare earths producer, Shenghe Resources.

  • Establishes the framework for the formation of a jointly-owned Rare Earths Trading Company sourcing rare earths concentrates globally (ex-China).

  • Potential for Shenghe investment in RareX’s flagship Cummins Range Rare Earths Project.

  • Potential for joint investment by RareX and Shenghe in existing or proposed rare earth refineries located outside of China.


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