The federal and Saskatchewan governments are stepping in to prevent Canadian rare earth metals from falling into the hands of a Chinese buyer after facing backlash from critics who alleged that allowing the transaction to proceed was anathema to Canada’s critical minerals policy.
Australia-based Vital Metals Ltd. in December announced it was selling its stockpile of rare earths that were mined at the Nechalacho Project in the Northwest Territories to China’s Shenghe Resources Holding Co.,Ltd.
