The two parties will explore fields of collaboration, including possible off-take agreements from Meteoric’s Caldeira rare earth project in Brazil.
The precious metal is used in electrochemical processes, including hydrogen production.
According to an industry report, demand for coal, oil, and other fossil fuels is growing in many regions, even though renewable energies are on the rise.
Export restrictions for the two technology metals, gallium and germanium, were imposed in China almost one year ago.
Rare earths recycled in Canada will be further refined and separated in La Rochelle, France.
Rare earths were originally set to go to Chinese company Shenghe. Government brokered a new transaction in Canada.