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Canada Rare Earth (TSXV:LL) appoints Head of Global Trading to build its global trading business

Mining
TSXV:LL
19 July 2021 16:30 (EDT)

Canada Rare Earth Corp. (LL) is pleased to announce the appointment of Elyse Kohyann as Head of Global Trading.

Elyse Kohyann comes to Canada Rare Earth with a wealth of international commodity trading experience having managed billions of US dollars in trading turnover working for such companies as Trafigura, Rusal, and Concord Resources Ltd. Elyse has also traded with the major upstream and downstream players in the base metal industry.

Based in Asia for the past decade, Mr. Kohyann has developed new markets and extended his global reach in the Middle East, Africa, Europe, and South America.

Tracy A. Moore, Chief Executive Officer of the Canada Rare Earth explained,

“With the addition of Elyse to our team as a proven, experienced and capable trader and leader we are confident that the company will accelerate the growth of its rare earth and complementary products trading business.”

Peter Shearing, Chief Operating Officer added,

“Elyse joins Canada Rare Earth at a key point in the expansion of our business as we prepare for processing the Brazilian stockpile to produce multiple streams of commercially saleable products including cassiterite, zircon, ilmenite and rare earths.”

Mr. Kohyann has in-depth experience in logistics and operations, metal and mining trading, arbitrage and derivatives trading and risk management. He is fluent in French and English, proficient in Spanish and German and has conversational Chinese spoken skills.

Canada Rare Earth is developing an international supply network based on proprietary, affiliated and third-party mineral sources and existing, developing and planned processing facilities.

Kohyann stated,

“The increasing demand of green technologies and electronics will put pressure on the supply of rare earth and our vision is to become a market leader in our industry by providing the best services, operations, and solutions throughout the whole supply chain,” said Mr. Kohyann.

We are generating revenues and gross profits from the sale of rare earth and connected mineral products.

Canada Rare Earth Corp. (LL) is up 6.67 per cent, trading at C$0.080 at 3:56 pm ET.

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