Canada Rare Earth Enters into Memorandum of Understanding for Financing and Strategic Arrangement with Talaxis

VANCOUVER, BC--(Marketwired - January 25, 2018) - Canada Rare Earth Corp. ("Canada Rare Earth" or the "Company") (TSX VENTURE: LL) is pleased to announce the formation of a strategic business and financing arrangement with Talaxis Limited ("Talaxis").Tracy A. Moore, Chief Executive Officer of Canada Rare Earth explained: "We are very pleased to announce the close collaboration with Talaxis. Over the past year Canada Rare Earth has experienced excellent organic growth. With support of Talaxis's personnel, experience, systems, infrastructure and financing we expect to accelerate our development significantly and at an even faster pace. We expect that the arrangement with Talaxis will allow Canada Rare Earth to focus on what we do best: developing new sources of raw products, developing midstream processing facilities and customer relations. Talaxis is a perfect ally for us."