Canada Rare Earth Corp. announced financial results for the six months ended September 30, 2015. During the Six Months, the company generated $92,363 of revenues as consideration for providing corporate finance, strategic and business development services for a mechanically complete, full spectrum rare earth separation refinery situated outside of China. The company also spent $10,623 on the exploration and evaluation of assets. Excluding write-down of exploration and evaluation of assets and share-based payments the company had a net loss for the Six Months of $229,029. Cash expenses and changes in working capital during the six months totaled $251,865 (an outflow averaging approximately $42,000 per month) resulting in a net cash outflow relating to operating activities of $159,502 (approximately $27,000 per month on average).

The company is also announced the appointment of Gordon J. Fretwell as a director of the company.