"We're doing things that are exceptional because we are in exceptional times. I'll go back to what the prime minister said: We are in a hinge moment. We are in a rupture. We need to respond to that."
"The vision with Strange Lake is to build in Canada, in Quebec in particular, an extraction-to-refined-value chain that would make Canada and Quebec unique as the main alternate source to the Chinese monopoly, something the Western world is eagerly awaiting."
"What makes the Strange Lake deposit so enticing to governments and private investors is the presence of heavy rare earth elements, most notably dysprosium and terbium, which are key to the magnets used in everything from electric vehicles to fighter jets and missiles."
The Canadian government has committed $175 million to a rare earth mining project in northern Quebec, crucial for protecting jobs and the economy. Energy Minister Tim Hodgson emphasized the need for exceptional measures during these challenging times. The mine, located near Lac Brisson, aims to extract significant quantities of heavy rare earth elements essential for various technologies. Torngat Metals plans to create a supply chain that positions Canada as a key alternative to China's dominance in this sector.
Read at www.cbc.ca
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