Mining & Metals - Vancouver, British Columbia, Canada
REC is focused on three diversified and complementary areas of business, each with growing revenue potential. In the short term, REC will buy and sell finished rare earths through access to our Chinese refiner allies and their export quotas. We will also consult with international mining companies and other organizations looking to establish processing facilities outside of China. In addition, REC will invest in inventories and rare earth companies as opportunities arise.All three business areas will evolve in the short and medium term. REC has immediate access to Chinese refined rare earths and export quotas, and soon will have access through our existing relationships to unrestricted rare earth production outside of China (i.e. no export quota limitations). In a few years, we intend to have off-take agreements with "international" refineries – arranged either through our engagement to design and build and/or our ability to sell refined product. Our refinery consulting/design/build contracts will involve long term projects, and we expect within 3-4 years to be involved with multiple projects. Our opportunities for owning and trading inventory will also grow significantly.