Canada Rare Earth Corp. Announces Financial Advisor and Notes Offering

Group 1 - Canada Rare Earth Corp. has appointed SCP Resource Finance LP as its financial advisor and engaged them to lead an offering of notes for gross proceeds of up to US$3,000,000 [1][4] - The notes will be issued at a 5.0% discount, have a maturity of 24 months, and will pay a coupon of 15.0% per annum, payable semi-annually [4] - The net proceeds from the offering will be used for general and corporate working capital purposes, and the company plans to service and repay the notes from revenue generated by its rare earth concentrates and oxides sourcing and trading operations [4] Group 2 - Canada Rare Earth operates a global essential minerals business with a focus on rare earth minerals and products, leveraging positive cash flow opportunities for growth [2] - The company is actively engaging in discussions regarding funding and off-take agreements related to a transaction announced on January 7, 2025, with further details expected to be provided [1]