Strange Lake rare earths project, Canada
Name of the Project
Strange Lake rare earths project.
Location
The project is located in the Nunavik region of Québec, Canada.
Project Owner/s
Torngat Metals.
Project Description
Strange Lake is one of the world’s largest proven rare earths deposits. These deposits contain a significant amount of all rare-earth elements and a high percentage of those critical for the manufacture of permanent magnets, including dysprosium, neodymium and praseodymium.
Torngat will operate an openpit mine and a concentrator at the mine site. The beneficiation will consist of a combination of physical ore sorting and flotation.
The plan is to produce and transport a beneficiation concentrate with 15% rare earth contained from the mine site to a new processing facility in Bécancour, Québec, using hybrid airships, rail and ships.
The processing plant will be located in the existing heavy industrial park, in Bécancour.
The project is expected to produce 11 500 t/y of heavy and light rare earths.
Strange Lake has a minimum 25-year mine life and together with wholly owned ore deposits around the project, has the potential to continue production for decades beyond that.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project is estimated at $600-million
Planned Start/End Date
The company is doing piloting and engineering, with a plan to start construction in 2022 for production in 2023.
Latest Developments
Torngat plans to proceed to prefeasibility study, including full-scale pilot work. Torngat believes that piloting will identify opportunities to optimise processing parameters, which could result in significant improvements to the economic model.
Key Contracts and Suppliers
Micon International (PEA).
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Torngat Metals, email updates@torngatmetals.com.
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