The funds will also be used to cover project expenditures that have increased over the past two years because of numerous problems with the global supply chain. The plant, which will be the first of its kind in North America, is establishing Saskatchewan’s vertically integrated REE supply chain and creating an industry model for the province’s future commercial REE resource expansion.

“The SRC Rare Earth Processing Facility delivers on a key element of the 2030 Growth Plan, with the planned expansion into metals production exceeding our original objective,” Minister Responsible for SRC Jeremy Harrison said. “Our government is proud to provide our continued support to a facility that is enhancing domestic production to reduce reliance on foreign imports and supporting economic growth in this burgeoning sector.”

With the first stage, a monazite processing unit (MPU), having finished its full engineering, design, and procurement in the autumn, SRC has already made substantial progress on the plant. Soon after, the Separation Unit and Metals Unit procurement process will start. The first cargo of monazite concentrates that SRC had ordered from Brazil arrived in late May, and the additional shipments are scheduled to arrive in early July. Once the SRC’s MPU is running, the monazite extract will be used as the feedstock.

“SRC is proud to be a world leader in rare earth element processing and separation technologies which will play an important part in the innovative solutions needed to reach net-zero,” SRC President and CEO Mike Crabtree said. “This additional funding will support SRC’s ability to continue advancing the production of rare earth elements, as well as our capacity to move further down the value chain as we build a rare earth hub in Saskatchewan.”

In 2024, the recently enlarged and completely integrated three-stage Rare Earth Processing Facility will begin processing REE products, including unique rare earth oxides and didymium metals, for sale on the world markets. The second-largest research and technology enterprise in Canada is SRC. With 1,500 clients in 27 countries across the world, SRC offers services and products thanks to its 350 workers, $137 million in annual profit, and 75 expertise.

As there will be an increase in the production of metals will also increase the need for skilled workers in Saskatchewan. Hence there are a lot of opportunities for skilled labourers to migrate to this specific region in Canada.

Check out Owlspriority Immigration’s Canada Settlement Resources to learn more about ways to find a new job in Canada, making your initial days in Canada stress-free and confident.