Saskatchewan Research Council to advance bastnaesite processing and study of critical minerals with support from the Government of Canada.

Today, the Saskatchewan Research Council (SRC) signed a five-year agreement in principle with Hung Thinh Group (HTG) from Vietnam to import rare earth carbonate to SRC's Rare Earth Processing Facility to produce rare earth metals. Under the agreement, HTG will supply SRC with up to 3,000 tonnes of rare earth carbonate per year for five years beginning in June 2025.

The Saskatchewan Government's 2024-2025 budget allocation for the Saskatchewan Research Council (SRC) continues to display that investment into innovation and technology commercialization remains a top priority for the province. The budget includes $20.1 million for SRC to continue its work in spurring economic growth across a variety of industries in Saskatchewan including manufacturing, mining, agriculture, oil and gas, nuclear and critical minerals.

The Honourable Dan Vandal, Minister responsible for PrairiesCan, announced funding of $6 million to support the Saskatchewan Research Council (SRC) at their Rare Earth Processing Facility.

As the Saskatchewan Research Council (SRC) approaches its target of commissioning North America's first, vertically integrated Rare Earth Processing Facility by the end of 2024, a $4,990,000 million investment from Natural Resources Canada (NRCan) will help secure Canada's supply of rare earth elements (REEs) essential for the development of global modern technology.

Immigration and Career Training and Trade and Export Development Minister Jeremy Harrison, is leading a delegation to the United Kingdom (UK) and Poland. The mission's focus is on expanding opportunities in agriculture, critical minerals, innovative technology, immigration and talent attraction. The UK stop includes an event with the Critical Minerals Association, which will showcase Saskatchewan's capabilities in critical minerals, with a particular focus on Saskatchewan Research Council's (SRC) experience in rare earths processing.

This news release originally appeared on the Government of Saskatchewan website. The Saskatchewan Research Council (SRC) has successfully designed and manufactured proprietary commercial-scale solvent...

In light of recent rare earth industry news related to a third-party company, and the volume of inquiries being received on this subject, SRC wants to clarify that its Rare Earth Processing Facility currently under construction is on schedule and on budget and will be fully operational by the end of 2024. To confirm, SRC is not connected in any way with that third-party company.

Today the Government of Saskatchewan, via the Saskatchewan Research Council (SRC), and Star Group Ind. Co., Ltd. signed a Memorandum of Understanding (MOU) for cooperation in further developing the rare earth element (REE) supply chain in Saskatchewan.

Saskatchewan's Accelerated Site Closure Program (ASCP) has led to strong participation in two provincial programs, the First Nations Stewardship Fund (Stewardship Fund) and the Indigenous Business Credit Pool (Credit Pool).