Overview
- SRC and the Government of Saskatchewan signed contracts with REalloys that make REalloys the anchor buyer for most NdPr metal and Dy and Tb oxides from SRC’s Saskatoon plant.
- REalloys and SRC will conduct a joint feasibility study for a larger processing, separation and metallization complex in Saskatoon that officials say could create hundreds of jobs.
- SRC’s facility is billed as North America’s first fully integrated commercial-scale rare earth processing and metals plant, targeting full operations in early 2027.
- SRC projects annual output of 400 tonnes of high-purity NdPr metal ramping to 600 tonnes, along with Dy and Tb products, with the majority contracted to REalloys.
- Officials say the agreements support North American supply chain independence and help REalloys meet regulatory requirements to serve U.S. defence industrial base clients.