This news release is being disseminated by
Rarex Ltd. as required by National Instrument 62-103 - The Early Warning System and Related Take-Over bids and Insider Reporting Issues. The Company announces the completion, on February 26, 2021, of the exercise its previously announced option to acquire 24,779,658 common shares of
Canada Rare Earth Corp. pursuant to an agreement with a vendor . Exercise of the Option by the
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