Canada to begin processing rare mineral used to power electric vehicles
CTV
Saskatchewan is getting $16 million from the federal government to process a rare element.
Saskatchewan is getting $16 million from the federal government to process a rare element.
The Saskatchewan Research Council (SRC) is set to process 2,000 tonnes of bastnaesite — a mineral used to create magnets for the motors for electric vehicles.
Two bags of the bastnaesite, small red rocks, were on display at the SRC Saskatoon office where the government made the funding announcement.
"These rocks, these ores are going to be critical to the energy transformation and will make Canada an energy powerhouse," said Mike Crabtree, SRC president and CEO.
Crabtree held up a metal block to show what the minerals beside him will get turned into.
"This little ingot is sufficient to produce the magnets for five electric vehicles," Crabtree told the crowd.
Once all the SRC's bastnaesite is processed, it could power more than 62,000 vehicles.
