Gov't run rare earth processing facility to be operational in 2022
A C$31-million rare earth processing facility is being build by an arm of the Saskatchewan government.
The facility was announced last week by the Saskatchewan Research Council.
Government officials hope the facility will act as a catalyst and form a industry model for future commercial REE resource expansion in the province.
“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.”
The facility is expected to be fully operational in late 2022 with construction beginning this fall.