A Rare Earths Developer
In Québec, Canada
We are a privately-owned Canadian company, headquartered in Montréal, Canada.
The Strange Lake Rare Earth Project in Nunavik, Québec, is fully funded to Bankable Feasibility Study (BFS), backed by US$50 million from our strategic partner Cerberus Capital.
With our best-in-class technical partners and top ESG-indigene ambitions, Torngat Metals is positioned as a strategic asset for North America.
Our vision is to be the recognized supplier of socially and environmentally-leading rare earths for low carbon, e-mobility, and renewables markets.
Our mission is to build a company that generates exceptional economic value and social benefits, guided by the highest in ESG-indigene standards, collaboration with Indigenous peoples on their traditional lands, and the use of world leading technology and engineering.
We propose to produce and transport rare earths concentrate from the Strange Lake Rare Earth project in Nunavik, northern Québec, to a Torngat Metals 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. Thereafter a Bankable Feasibility Study (BFS) will be completed.
Large volume pilot testing is underway to optimize for highly efficient water, energy and waste minimized processes to produce separated rare earth oxides.
Rare Earth Oxides
Growing market; limited supply
There is a strong 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 rare earths demand is expected by 2030 for electric vehicles alone.
- China currently supplies ~80% of the world market of separated and refined rare earths, and 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.