Canadas Minister of Innovation Science and Economic Development has announced funding of over CDN$206 million for 36 clean energy projects across Canada. The recipients include Quest Rare Minerals Ltd, Avalon Rare Metals Inc, and Alliance Magnesium Inc.
Quest Rare Minerals Ltd of Montreal, QC has been awarded a CDN$5 million grant to support the operation of a larger scale pilot plant to produce mixed rare earth element oxides. The consortium will demonstrate a novel technology that uses chemical reactions to extract rare earths from mined ore and recycled fluorescent light bulbs.
Alliance Magnesium Inc of Montreal, QC has announced the signing of the final contract for a CDN$3 million non-repayable grant with Sustainable Development Technology Canada (SDTC) and has received the first installment of CDN$1.27 million. The company plans to use the funds to progress its green technology for remediating tailings from the extraction of asbestos to produce high value minerals and metals including magnesium.
Avalon Rare Metals Inc of Toronto, ON has developed an efficient, environmentally friendly, and economically viable method for extracting rare earths from its Nechalacho rare earth elements project in the Northwest Territories. The company will receive CDN$1.3 million from SDTC and will demonstrate the methods effectiveness through a pilot program at the Saskatchewan Research Council.
Vol: 30 Issue: 6 – ID