Torngat Metals

What Sets Us Apart?

It's the heavy, and light, rare earths

In the critical materials industry, the Strange Lake Rare Earth Project stands out.  It will not only be able to competitively meet the growing demand for rare earth elements, but will also be able to supply both light (Nd Pr) and heavy (Dy Tb) rare earth elements in the permanent magnets needed for the electric revolution and low-carbon industries. 

Once in operation, the project would be one of the world’s important suppliers of dysprosium outside China. 

This, combined with our pursuit of best-in-class sustainable operations and top IESG credentials, represents a unique value proposition that stands out among peers. 

Unique Features

Globally significant market

A strategic asset positioning Eastern Canada and North America as a powerhouse in the permanent magnet supply chain

An integrated source in a top-tier mining jurisdiction 

Our unique geology offers a  full suite of light and heavy permanent magnet rare earths elements, not typically found in sufficient quantities in one project

IESG partnership and leadership 

Committed to delivering excellence in responsible mining based on mutually beneficial collaboration with Indigenous and all communities

Fully funded to Bankable Feasibility Study 

Backed by US$ 50 million from cornerstone investor Cerberus Capital with long-term investment horizon 

Proven and efficient processing

Detailed geological model enabling selective mining and advanced ore sorting for lowered environmental impact and significant efficiencies

De-risked and advancing  development

Cost-competitive process with low capital and operating costs, leveraging innovation and best-in-class clean technology by partnering with experts in rare earth engineering

Deep technical and strategic expertise 

Supported by a world-class team of technical and strategic advisors, and renowned experts, spanning all phases and dimensions of the project