NEWS

Canada: Saskatchewan Will Create Canada’s First Rare Earth Processing Facility at SRC

The government of Saskatchewan announced $31 million in funding for a rare earth processing facility in Saskatchewan, delivering on a key element of the 2030 Growth Plan. The facility will be owned and operated by the Saskatchewan Research Council (SRC), Canada’s second-largest research and technology organization, and will be the first-of-its-kind in Canada. The facility will begin to establish a Rare Earth Element (REE) supply chain in Saskatchewan, which will form an industry model for future commercial REE resource expansion in the province, according to the SRC.

“Saskatchewan’s new rare earth processing facility will be a catalyst to stimulate the resource sector in Saskatchewan and across Canada, providing the early-stage supply chain needed to generate cash-flow, investment and industrial growth of the sector,” Premier Scott Moe said. “It will also help ensure the competitiveness of Saskatchewan as we focus on our economic recovery and grow our province over the next decade.”

Minister Responsible for SRC Jeremy Harrison said the facility “will allow the REE industry to grow and create both immediate and long-term jobs.”

The facility is expected to be fully operational in late 2022 with construction beginning this fall.

https://www.e-mj.com/breaking-news/saskatchewan-will-create-canadas-first-rare-earth-processing-facility-at-src/

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