Rio Tinto’s metallurgical complex in Sorel-Tracy. Credit: Rio Tinto
Rio Tinto (ASX: RIO) and Canada Growth Fund (CGF) have announced a transaction to advance the Canadian production of scandium oxide in Sorel-Tracy, Québec at the facility under construction at Rio Tinto’s Critical Minerals and Metallurgical Complex.
CGF, a C$15 billion independent investment fund operating at arm’s length from the Government of Canada, will invest approximately C$25 million to support production at North America’s sole facility capable of supplying the material, expanding the facility’s nameplate capacity to nine tonnes per annum and strengthening Canada’s critical minerals supply chain.
Rio Tinto’s demonstration plant, which began production in 2022, currently accounts for the entirety of North American scandium supply and is one of the few meaningful sources of supply within the Organisation for Economic…
