REGINA – The Government of Saskatchewan is putting $6 million towards the Saskatchewan Research Council (SRC)’s Rare Earth Processing Facility in Saskatoon.
The investment will help establish and commercialize a process to separate unrecovered rare earth oxides (REO) from radioactive monazite tailings that would have otherwise been disposed of, resulting in additional rare earths sufficient to manufacture up to 65,000 EVs per year, a release said. The funding is also intended to help develop an automated metal smelting process to produce commercial grade REE metals.
“With this investment from PrairiesCan, along with the initial $71 million investment from the Government of Saskatchewan, SRC continues to break new ground in the rare earth space, helping establish a rare earth hub in Saskatchewan,” provincial Minister Responsible for the Saskatchewan Research Council Jeremy Harrison stated.
The funding builds on earlier support from PrairiesCan of $2.5 million in interest-free repayable funding for SRC to purchase equipment needed to establish the Rare Earth Processing Facility and a recent investment of almost $5 million from Natural Resources Canada through the Critical Minerals Research, Development and Demonstration program, the release said.
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