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‘We’ve got a game-changer’: Resource discovery near Tisdale, Sask., could be next potash or uranium
The Thor Project's 6.8 billion tonnes of alumina could supply one-third of the world's known alumina, with a 72% internal rate of return projected, officials said.
- At a University of Saskatchewan news conference on Friday, Canadian Energy Metals Corp. announced its Preliminary Economic Assessment for the Thor Project, led by Christopher Hopkins, president and chief executive officer of CEM.
- CEM and provincial officials say the find is a 'possible game changer' for North American aluminum supply chains, touting it as a new domestic source vital to Saskatchewan's economy.
- The PEA shows a measured and indicated resource of 49.5 billion tonnes, containing 6.8 billion tonnes of alumina, and models 16.5 million tonnes per year of ore feed producing 1.8 million tonnes of alumina at Tisdale.
- CEM says it will spend 2026 evaluating the resource while advancing pre-feasibility work and demonstration-plant design, having acquired buildings and land in Tisdale but requiring more work before deciding on the US$6.3-billion Thor project.
- Alumina's industrial uses mean the project could support high-paying jobs, royalties, tax revenues, and regional growth, CEM says.
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14 Articles
14 Articles
Reposted by
The Toronto Star
Canadian company says it’s sitting on major site of alumina in Saskatchewan
TISDALE - A Canadian company says it's found what it believes to be a major supply of a critical industrial material that could transform Saskatchewan's economy.
·Hamilton, Canada
Read Full Article+3 Reposted by 3 other sources
Canadian company says it's sitting on major site of alumina in Saskatchewan
Coverage Details
Total News Sources14
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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