Canada Rare Earth Corp. (TSXV:LL) entered into an agreement to acquire Rare Earth Trading Business from TEC Commodities Limited for HKD 0.4 million on July 23, 2021. As per the transaction, Canada Rare Earth Corp. will issue 1 million common shares as a purchase consideration to TEC Commodities Limited, of which 0.8 million shares are subject to vesting over a period of one to three years. As a part of the transaction, Canada Rare Earth Corp. has agreed to acquire the relationships, contacts and ongoing business in the rare earth sector from TEC Commodities Limited. The transaction is subject to regulatory approval. As of August 11, 2021, TSX Venture Exchange has accepted for expedited filing share purchase agreement.