Canada Rare Earth
Canada Rare Earth Corporation is a Vancouver-based micro-cap building a vertically integrated, non-China rare earth supply chain, sourcing concentrates from Africa and South America to produce separated rare earth oxides for EV, wind, defense, and electronics manufacturers. Following the October 2025 termination of its Laos refinery acquisition, operational focus is on Brazil's Bom Futuro tailings project.
- Company typePublic
- Founded2009
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Canada Rare Earth does
Canada Rare Earth Corporation (TSX.V:LL) is a Vancouver-based, publicly traded company pursuing a vertically integrated rare earth supply chain — from mining and concentrate sourcing through processing to the production of separated rare earth oxides, fluorides, and specialty products. The company targets major international manufacturers in electric vehicles, wind turbines, robotics, defense, and medical technology, with a stated value proposition of providing a non-China alternative source for critical rare earth elements including Nd, Pr, Dy, and Tb used in NdFeB permanent magnets. The business model combines active trading of rare earth concentrates (with sourcing networks across Africa and South America), project development, and joint venture participation, supplemented by a stated vision of building 10,000 metric tonnes of full-spectrum refining capacity over four years across multiple geographies.
The company's primary historic asset thesis was a 70% acquisition of a 3,000 tpy permitted rare earth refinery in Laos, which was abandoned in October 2025 due to geopolitical pressures. Current operational focus has shifted to the Bom Futuro tin tailings property in Rondônia, Brazil, where the company holds an interest with rights to a controlling position and operator role, aimed at producing cassiterite (tin), zircon, ilmenite, and rare earth minerals from tailings. The company is led by CEO Peter Shearing, CIO Donald Anderson, and CFO Michael Lee, with a reported headcount of 1-10 employees. Capitalization is thin: a US$3M notes offering via SCP Resource Finance was cancelled in October 2025 and replaced by a US$500K unsecured loan at 21% annual interest, maturing May 2027. The strategic partnership with CEC Rare Earth Corporation (founded by Rojer (Qiufeng) Li) provides refinery design expertise and China supply chain connections, but the absence of operational refining capacity and the recent withdrawal of the Laos project materially constrain near-term revenue generation.
Canada Rare Earth firmographics
Firmographics- Name
- Canada Rare Earth
- Legal name
- Canada Rare Earth Corporation
- Website
- https://canadarareearth.com
- Company type
- Public
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Canada Rare Earth Corporation is a Vancouver-based micro-cap building a vertically integrated, non-China rare earth supply chain, sourcing concentrates from Africa and South America to produce separated rare earth oxides for EV, wind, defense, and electronics manufacturers. Following the October 2025 termination of its Laos refinery acquisition, operational focus is on Brazil's Bom Futuro tailings project.
- Ownership category
- akta.pro rank
Canada Rare Earth industry classification
Industry- Product category
- Rare Earth Materials Processing
- NAICS
- Ground or Treated Mineral and Earth Manufacturing (327992)
- SIC
- Miscellaneous Metal Ores (1090), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)
- akta.pro secondary industry
- Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)
Keywords
Where Canada Rare Earth is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Canada Rare Earth business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel
Revenue model
- Rare Earth Product Sales: Canada Rare Earth generates revenues by sourcing, adding value, and selling rare earths and other mineral products in all stages and forms. The company sells high-purity rare earth oxides, rare earth fluorides, larger particle/nano RE oxides, and special products to international manufacturers. Revenues are generated through long-term sales contracts with leading manufacturers. The company also actively trades essential minerals.
- Rare Earth Concentrates Trading: The company expands its critical minerals trading business by broadening its supply network across Africa and South America. These regions provide attractive sources of rare earth concentrates and critical minerals, strengthening the company's role as a diversified and reliable global supplier. Revenue is generated from trading operations including offtake and pre-payments.
- Project Development and JV Participation: The company develops mining and processing operations, including joint ventures for rare earth mining projects (e.g., the Bom Futuro tin tailings property in Brazil). Revenue may be generated through equity stakes, operator fees, or production revenues from joint venture projects.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Canada Rare Earth product offering
Product offeringCore offering
Canada Rare Earth sources, processes, and sells rare earth concentrates, separated rare earth oxides (including Nd, Pr, Dy, Tb), rare earth fluorides, and larger particle/nano RE oxides to international manufacturers. The company also actively trades essential minerals and processes tin tailings at Brazil's Bom Futuro property to recover cassiterite, zircon, ilmenite, and rare earth minerals.
Product overview
Canada Rare Earth is a vertically-integrated rare earth minerals business operating across the supply chain from mining through processing to product sales. The company develops and sources rare earth concentrates from mining projects in South America, Africa, and Asia, processes them through refinery operations to produce separated rare earth oxides, and trades essential minerals globally. The product portfolio includes High-Purity Rare Earth Oxides, Rare Earth Fluorides, Larger Particle/Nano RE Oxides, and Special Products, with a focus on light and heavy rare earth elements critical for electric vehicles, renewable energy, electronics, and defense applications.
Differentiator
Problem solved
Functional benefit
Products and services
- High-Purity Rare Earth Oxides High-purity rare earth oxides produced from processing rare earth concentrates, used by manufacturers of permanent magnets, electronics, EVs, and clean energy technologies.
- Rare Earth Fluorides Rare earth fluoride compounds derived from rare earth processing operations, used in metallurgical, optical, and specialty industrial applications.
- Larger Particle/Nano RE Oxides Rare earth oxides available in larger particle sizes or nano-scale formulations, serving advanced industrial and research applications.
- Special Products Specialty rare earth products and formulations tailored to specific customer requirements for advanced industrial applications.
- Separated Rare Earth Oxides Individual separated rare earth oxides including Nd, Pr, Dy, and Tb produced through full-spectrum separation processes for use in permanent magnets and high-performance applications.
- Rare Earth Concentrates Concentrated rare earth materials sourced from mining operations, including ion adsorption clay deposits, for feed to refining facilities and trading.
- Essential Mineral Trading (Tin, Zircon, Ilmenite) Active trading of essential minerals including cassiterite (tin), zircon, and ilmenite sourced from mining and tailings operations, broadening the company's diversified critical minerals supply network across Africa and South America.
Quantifiable outcome
- Full suite of separated rare earth oxides including Nd, Pr, Dy, and Tb for NdFeB magnets powering EVs, wind turbines, drones, and robotics
- +1 more outcomes
Companies that use Canada Rare Earth
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
Canada Rare Earth technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Canada Rare Earth partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major, minor and core.
- Private Laos-Based Refinery CompanymajorCanada Rare Earth entered into a Memorandum of Understanding with a private Laos-based company giving the company the right to purchase 70% of a fully permitted rare earth refinery (3,000 tpy capacity) designed to produce the full suite of rare earth oxides. The government of Lao PDR strongly supports the startup and operation of the refinery. Discussions were underway with numerous parties for offtake and investment at the project level. NOTE: This transaction was subsequently terminated in October 2025 due to increasing geopolitical pressures.
- Private Laos-Based Mining Company (Mine JV)majorCanada Rare Earth entered into a Memorandum of Understanding giving the company the right to enter into a 70/30 Joint Venture with a private Laos-based company to co-develop an advanced-exploration stage ion adsorption clay rare earth (IAC-RE) mining project in Laos. The government is encouraging in-country processing of locally produced rare earth concentrates from new ion adsorption clay rare earth mines in Northern Laos. NOTE: This transaction was also impacted by the termination of the refinery acquisition in October 2025.
- VCS Mining, Inc.minorCanada Rare Earth entered into a share purchase agreement with VCS Mining, Inc., a private Delaware company, to acquire 2,348,147 common shares of VCS for US$1.1 million, subject to regulatory approval. This represented an investment/acquisition of interest in an exploration/development company as part of the company's vertical integration strategy.
- CEC Rare Earth Corporation (REC)coreCEC Rare Earth Corporation was retained as strategic advisor to assist Canada Rare Earth (then Rare Earth Metals Inc.) in developing a vertically integrated business within the global rare earth industry. REC was founded in 2011 to integrate China's dominant rare earth industry with international marketplace businesses. REC's model focuses on designing, building, and establishing operations for rare earth refineries outside of China, and ongoing sales and marketing of refined rare earths. REC directors have over 40 years of experience in the rare earth industry. A two-year implementation services agreement was subsequently signed in December 2012 for $25,000 per month plus expenses and success-based bonuses. REC representatives (Tracy A. Moore, Bill Purcell, and Peter Shearing) were appointed to the company's board of directors. The relationship provided access to rare earth refinery expertise, international customer connections, and supplier relationships.
Scale indicators8 records
Recent moves14 records
Expansion highlights10 records
Canada Rare Earth competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Canada Rare Earth social profiles
Digital presenceCanada Rare Earth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Canada Rare Earth leadership team
Management profileNumber of profiles
Profiles3 records
Canada Rare Earth funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Canada Rare Earth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Canada Rare Earth
What does Canada Rare Earth do?
Canada Rare Earth sources, processes, and sells rare earth concentrates, separated rare earth oxides (including Nd, Pr, Dy, Tb), rare earth fluorides, and larger particle/nano RE oxides to international manufacturers. The company also actively trades essential minerals and processes tin tailings at Brazil's Bom Futuro property to recover cassiterite, zircon, ilmenite, and rare earth minerals.
Is Canada Rare Earth a public or private company?
Canada Rare Earth is a public company. It is classified as public and is currently operating.
When was Canada Rare Earth founded?
Canada Rare Earth was founded in 2009. It employs 1 to 10 people.
Where is Canada Rare Earth based?
Canada Rare Earth is headquartered in Vancouver, Canada, in the North America region.
How does Canada Rare Earth make money?
Three revenue lines are on record. Rare Earth Product Sales are the primary driver. The others are rare Earth Concentrates Trading and project Development and JV Participation.
Does Canada Rare Earth have an API?
No public API is recorded for Canada Rare Earth.
What industry is Canada Rare Earth in?
Canada Rare Earth's product category is Rare Earth Materials Processing. Its primary akta.pro industry code is IMAKAFAH, Rare Earths Separation & Refining (Oxides/Metals), with a secondary code of IMAKAFAG, Rare Earths Mining & Concentrates (REE Ores). Its NAICS code is 327992 and its SIC code is 1090.