" China rare earth giant Shenge Resources has added a potential third foreign alliance to its books after signing a non-binding memorandum of understanding (MoU) with Western Australia explorer Rarex (REE) "
The companies have laid the groundwork for the formation of a jointly owned rare earth elements REE trading company which will source REE concentrates from non Chinese sources.
The trading company could get exclusive rights to all Rarex Australian production once mining begins."
VML Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
