Wednesday’s announcement includes C$15.96 million through PrairiesCan to enable SRC to acquire bastnaesite (a type of ore containing rare earth elements) from Canadian sources and create new domestic capacity for bastnaesite processing, which will be integrated into SRC’s Rare Earth Processing Facility.
SRC will process bastnaesite ore acquired from Vital Metals’ Nechalacho operations in the Northwest Territories to produce a mixed rare earth product, which will be further processed using SRC’s solvent extraction and metal smelting technology to produce rare earth metals. SRC will also collaborate with a local educational institution to develop and deliver a training program for Indigenous students to operate bastnaesite processing equipment.
The Government of Canada has identified 34 critical minerals, and 27 of those can be found in the province Saskatchewan. The rare earth metals, used in electric vehicles (EVs),…
