The Consortium for Rare Earth Technologies (CREaTe) notified the Department of Justice and the Federal Trade Commission about changes to its membership. This notification, dated October 11, 2024, includes the addition of Alaska Range Resources, LLC, from Palmer, AK, and Orojo Resources USA, LLC, from Cleveland, GA, as new members of the consortium. The purpose of these filings is to limit antitrust plaintiffs' recovery to actual damages under specific conditions. CREaTe plans to continue updating its membership changes as they occur.
Simple Explanation
The Consortium for Rare Earth Technologies (CREaTe) added two new companies to their group, and they told the government about it because of special rules that help protect fair competition. These rules make sure that if someone takes them to court for unfair practices, they only have to pay for the actual harm caused, not any extra penalties.