Since 2020, SRC’s uncommon earth processing facility has obtained C$71 million in funding from the federal government of Saskatchewan, in addition to C$30 million in mixed funding from the federal government of Canada. The funding was instrumental in serving to assemble a vertically and laterally built-in “minerals to metals” facility geared up with state-of-the-art, proprietary know-how, SRC stated.
Utilizing in-house developed know-how in steel smelting, SRC’s facility is able to produce 10 tonnes of neodymium-praseodymium (NdPr) metals per 30 days, with purities higher than 99.5% and conversions higher than 98%, the Council stated.
“Saskatchewan [is] the primary and solely jurisdiction in North America to supply these uncommon earth metals, additional establishing a uncommon earth technological hub right here within the province,” Saskatchewan Premier Scott Moe stated in a media assertion.
“This represents a big alternative for Saskatchewan to be a world chief within the space of essential mineral growth by establishing a safe and sustainable uncommon earth provide chain,” Moe stated.
As soon as absolutely operational in early 2025, SRC’s uncommon earth processing facility is anticipated to supply roughly 400 tonnes of NdPr metals per yr, sufficient to energy 500,000 electrical autos.