Corporate Overview

Who We Are

  • We are a privately-owned Canadian company​, headquartered in Montréal, Canada
  • Our Lost Lake rare earths project in Nunavik, Québec, is fully funded to Bankable Feasibility Study, backed by US$50 million from strategic partner Cerberus Capital
  • With our best-in-class technical partners and top ESG-Indigenous ambitions, Torngat is positioned as a strategic asset for North America

Torngat Metals

Our Vision

To be the recognized supplier of socially and environmentally-leading rare earths for low carbon, e-mobility, and renewables markets.

Our Mission

To build a company that generates exceptional economic value and social benefits, guided by the highest in ESG-I standards, collaboration with Indigenous peoples on their traditional lands, and the use of world leading technology and engineering.

Strange Lake


  • We will produce and transport rare earths concentrate from our Strange Lake project in Nunavik, northern Québec, to a Torngat refinery in southern Québec, where we will produce separated oxides
  • Our pre-feasibility study (PFS) will be completed in 2024, with major project improvements, streamlined capital and operational costs and thereafter completion of a Bankable Feasibility Study (BFS)
  • Large volume pilot testing is underway, optimizing innovative, highly efficient processes for producing separated rare earth oxides

Rare Earth Oxides

Growing Markets & Tight Supply

  • There is a bullish outlook for rare earth materials due to continuously increasing demand for wind energy, and electric vehicles, as well as many other technologies using permanent magnets
  • A five times increase in demand of rare earths is expected by 2030 for electric vehicles alone
  • China currently supplies ~80% of the world market of separated and refined rare earths but also now imports a significant proportion of their rare earths
  • Industry and Western nations are focused on supply diversification that is also traceable and sustainably produced