16 September 2024
September 16, 2024: The Saskatchewan Research Council (SRC) is proud to announce that its Rare Earth Processing Facility located in Saskatoon, SK is ahead of schedule and produced rare earth metals at a commercial scale in summer 2024 – making Saskatchewan the first and only jurisdiction to do so in North America.
Using in-house developed, state-of-the-art, automated technology in metal smelting, SRC’s facility is ready to produce 10 tonnes of neodymium-praseodymium (NdPr) metals per month, with purities greater than 99.5 per cent and conversions greater than 98 percent. SRC is on track to upscale this production to 40 tonnes of rare earth metals per month by the end of December 2024.
“The Government of Saskatchewan is proud to support SRC’s Rare Earth Processing Facility, making Saskatchewan the first and only jurisdiction in North America to produce these rare earth metals, further establishing an REE technological hub here in the province,” Premier Scott Moe said. “This represents a significant opportunity for Saskatchewan to be a world leader in the area of critical mineral development by establishing a secure and sustainable rare earth supply chain.”
In July 2024, SRC finalized tolling agreements with several international clients to convert individual rare earth oxides into metals using metal smelting at SRC’s facility. Prior to the facility being fully operational, these tolling agreements allow SRC to demonstrate its technology at a commercial scale with less upfront investment into raw rare earth material.
Once fully operational in early 2025, SRC’s Rare Earth Processing Facility will produce approximately 400 tonnes of NdPr metals per year, enough to power 500,000 electric vehicles. Rare earth metals are also essential components for wind turbines, robotics, HVAC systems, elevators and green technologies.
“Since 2020, SRC has aimed to become a global leader in rare earth processing technology and today we’ve proven out an industry model for future rare earth initiatives and supply chain development,” President and CEO of SRC Mike Crabtree said. “This achievement is the result of more than 15 years of research and development and now commercialization in rare earths led by world-class experts in rare earth extraction and processing technology.”