Canada Rare Earth Corp. announced the renewal of an exclusive distribution agreement with Ganzhou Zhanhai Industrial and Trade Co. Ltd. (Ganzhou) for specialty rare earth products including high purity rare earth products . Canada Rare Earth, with this Agreement renewal, continues with the exclusive right to market, distribute, and sell the Ganzhou's rare earth products in Europe, the Americas, Russia and India and the non-exclusive right in Asia. The Ganzhou product line includes high-purity rare earth products integral to a wide variety of high-performance products, particularly electronics and magnets. Specific examples include magnets and electric motors, atomic energy, catalytic cracking for oil processing, automotive catalytic convertors, lighting, ceramics, and glass. In addition to standard products and processes, Ganzhou's production and engineering team has the capability to adjust and modify their processes to meet stringent and unique customer specifications and create proprietary customer products. As an example of this capability, Ganzhou is the exclusive supplier of high-purity gadolinium oxide to the China Nuclear Industry Corporation. Ganzhou's technical prowess in the rare earth industry is further evidenced and protected by patents granted and in progress.