Company insider Jack Lundin will be appointed as the new CEO.

The person, who was employed by a contractor at the project, was not engaged in mining or construction activities.

The Vancouver-based miner aims to produce an average of 25,000 tonnes of rare earth oxides per year, approximately 10% of the world’s current production.

The case stemmed from an incident that occurred in July 2021, when 17,000 litres of a cyanide solution spilled from a pipeline at the Eagle mine site.

MNP will sell the assets and distribute proceeds to creditors

The company is targeting commercial production at Magino by the end of the quarter.

Over the past three years, Quebec has attracted investments from auto and battery makers such as General Motors, POSCO and Ford Motors.

The collaboration will aim to increase Fortune's cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter.