Canada’s only rare earths mining company is pausing all construction at its Saskatoon processing facility. yxe
Prior to pausing construction, Vital Metals had deferred plans to complete circuits that dealt with rare earth hydrometallurgical leaching, purification and precipitation.Richard Crookes, Vital’s interim chairman, said the company has been experiencing increased costs and low rare earth prices.
While pausing the construction raises questions about the future of critical minerals in Saskatchewan, some remain optimistic. It is currently building a rare earth process facility that aims to help spur the sector by being part of an early-stage supply chain.
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