Federal instrument · Grant

PrairiesCan contribution to SRC Rare Earth Processing Facility (bastnaesite acquisition and processing)

On August 14, 2024, the Government of Canada announced $15.96 million CAD from Prairies Economic Development Canada (PrairiesCan) to support the Saskatchewan Research Council's Rare Earth Processing Facility in Saskatoon, enabling bastnaesite acquisition from Canadian sources (ore from Vital Metals Ltd.'s Canadian operations) and integrating bastnaesite processing with solvent extraction and metal smelting. The same announcement included a separate $209,330 from NRCan, which is not part of this instrument's amount.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Obligated

Program: Prairies Economic Development Canada · Prairies Economic Development Canada (PrairiesCan)

Terms

Amount	C$15.96M (federal funding from PrairiesCan announced August 14, 2024 to support the facility; excludes the separately announced $209,330 NRCan amount)

Immutable financial events

Aug 14, 2024 · Obligated

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources

Saskatchewan Research Council · published Aug 14, 2024 · retrieved Aug 11, 2026 · archive