A BINDING term sheet signed by RareX subsidiary Cummins Range Company and Western Australia’s Newhaul includes terms to establish a joint venture company to provide haulage services between the Cummins Range rare earth and phosphate project and the port of Wyndham, in WA’s Kimberley.
Newhaul's fleet is impressive
The term sheet includes a long-form haulage contract and an option for RareX to acquire 50% of the JV once 500,000 tonne of product has been hauled under the haulage agreement, in any consecutive 12-month...
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