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Saskatchewan Research Council Advances Critical Mineral Processing
Minister Wilkinson Announces $16 Million Investment
Saskatchewan Leads in Mining Investment Attractiveness
The Saskatchewan Research Council (SRC) has received a $16 million investment from the Government of Canada to advance the processing of bastnaesite, a critical mineral essential for clean energy technologies. This investment was announced by the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and is part of the Critical Minerals Research Development and Demonstration (CMRDD) program.
Bastnaesite is a rare earth mineral that contains valuable elements such as neodymium and praseodymium, which are used in the production of magnets for electric vehicles, wind turbines, and other clean energy applications. The SRC is working to develop innovative technologies for the efficient and sustainable processing of bastnaesite, which will enhance Canada's supply chain for critical minerals.
Minister Wilkinson highlighted the importance of investing in critical mineral research and development in Canada, stating, "This investment in the SRC will support the development of new technologies that will help us meet the growing demand for critical minerals while creating jobs and economic opportunities in Saskatchewan." Saskatchewan is ranked first in Canada for mining investment attractiveness according to the Fraser Institute, demonstrating the province's potential for becoming a leading producer of critical minerals.
The SRC's research on bastnaesite processing is part of a broader effort to support the development of a robust critical minerals industry in Canada. The CMRDD program is designed to accelerate the discovery, development, and demonstration of technologies for the responsible extraction, processing, and recycling of critical minerals. By investing in research and innovation, Canada can secure its supply of these essential materials and support the transition to a clean energy future.
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