TECHNOLOGY

Vital Metals wins deal for Canada REE plant

Deal is for designing and building a REE carbonate concentrate plant.

 Artist's impression of then SRC-funded REE processing and extraction plant

Artist's impression of then SRC-funded REE processing and extraction plant

Saskatchewan procince announced a funding package of C$31 million for the entire facility in August.

The conversion of REE ore to individual REE products will be carried out in two main stages. The first is the concentration of ore to mixed REE carbonate.  The second is the more complex separation stage that converts the mixed REE carbonate to commercial pure-grade REEs.  The facility will address both stages of REE processing.

Cheetah Resources, a subsidiary of Australia's Vital Metals, has now signed a binding term sheet with SRC to negotiate building and operating a rare earth extraction plant to produce a mixed rare earth carbonate product.

The capital cost of the plant has been put at A$5.25 million. Processing is scheduled to start in the third quarter of 2021.

The plant is planned to be built adjacent to the separation facility, to be be built in Saskatoon's Hudson Bay industrial area from the fourth quarter of 2021. It is expected to be fully operational in late 2022.

The deal between Cheetah and SRK is currently envisaging a 4-year processing deal which can be extended indefiniletly by mutual agreement.

 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production