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