The Government of Saskatchewan and the Saskatchewan Research Council (SRC) today announced the signing of a suite of historic contracts with REalloys Inc. (REA), reinforcing Saskatchewan’s leadership in establishing the first fully-integrated rare earth supply chain in North America.
This partnership between SRC and REA is anchored by a five-year offtake agreement under which REA will purchase the vast majority of annual production of Neodymium -Praseodymium (NdPr) metal and Dysprosium (Dy) and Terbium (Tb) oxides from SRC’s Rare Earth Processing Facility in Saskatoon. The agreement will deliver strong commercial returns to SRC and the people of Saskatchewan while enabling REA to meet regulatory compliance in its delivery of rare earth metals to its U.S. defence industrial base clients.