The Chinese are buying up Canadian rare earth miners

[B00Mer]

The Chinese are buying up Canadian rare earth miners

Back in April testimony in front of the House of Commons warned about how China was cornering the market in rare earths, and currently controls 85%. It uses this to control prices and to punish nations which annoy it by cutting back on exports to them.

Now it is buying up Canada's rare earth mining companies. Something it has a habit of doing abroad - and often then bankrupting and closing down the companies to prevent competition. Last week a Chinese company and Canadian rare earth producer Millennial Lithium Corp agreed to a buyout, and yesterday another Chinese company agreed to buy out a second Canadian lithium producer Neo Lithium, Canada's largest producer of rare earths.

If the Trudeau government has any intention of doing ANYTHING to stand up to China and prevent them from increasing their already considerable power and influence over us and our economy the Liberal government needs to stop these purchases and any other like them. If they let these go ahead then I think we can say that this government has no interest in doing anything to protect Canada's independence from China's influence. Anyone want to bet they'll just smile and bow and let the sales go through?

In testimony before the House of Commons natural resources committee this month, experts described China’s decades-long efforts to control the market for critical minerals — including the 17 rare earth elements — by rapidly expanding its processing capacity or by acquiring foreign assets to dominate supply chains. The minerals, which include magnesium, lithium and scandium, are used to develop such strategic products as solar panels, wind turbines, electric car batteries, mobile phone components and guided missiles.

Canada sits atop an abundance of such minerals, from a large deposit of neodymium in northern Saskatchewan (used in the manufacture of magnets) to the sizeable pockets of lithium found in Quebec. That strategic advantage, experts said, makes it incumbent on Ottawa to help strengthen Canada’s supply chain and protect against China’s coercive foreign policy tactics.



https://www.newswire.ca/news-releas...lithium-corp-in-all-cash-offer-852178076.html

https://nationalpost.com/news/canad...rategic-minerals-amid-deteriorating-relations

 

[petros]

Sask Govt took action and is building processing facility to keep China out.

Saskatchewan building rare earth processing plant, capitalizing on emerging industry | Globalnews.ca

The 17 rare-earth elements are abundant in Saskatchewan, government officials say.

globalnews.ca

 

[petros]

Lithium emerging as newest commodity in Sask. mining sector​

Updated Nov. 9, 2021 3:49 p.m. CST
REGINA -

Saskatchewan’s resource sector is gaining momentum with the emergence oflocally-produced lithium.

According to a release, Regina-based Prairie Lithium Corporation extracts lum from the province’s oilfield brines.

Prairie Lithium's innovative technology and the project's success to date is a shining example of the potential of our province to provide critical minerals to the world," Energy and Resources Minister Bronwyn Eyre said in a release.

RELATED STORIES​

• This lithium exploration project could revitalize the Sask. oil industry

Prairie Lithium finished drilling its first dedicated lithium brine in southeast Saskatchewan in September, the first of its kind to be drilled in the province. The company has also signed an agreement with Saskatoon based DEEP Earth Energy Production.

Saskatchewan’s Growth Plan supports the development of lithium exploration and extraction technologiesby providing funding programs like the Saskatchewan Petroleum Innovation Initiative and Saskatchewan Advantage Innovation Fund -- both used by Prairie Lithium.

"The support that we have received from the Saskatchewan Advantage Innovation Fund and Saskatchewan Petroleum Innovation Incentive have been critical to the development of our Direct Lithium Extraction technology," Zach Maurer, Prairie Lithium's president and CEO, said.

Since 2020, Prairie Lithium has used proprietary technology to extract lithium from subsurface brine water.

Eyre said this process is cleaner than the traditional way of extracting the mineral from hard rock and creates a sustainable use for the oil wells.

“Which is the beautiful irony, that oil field brine will power electric vehicles of the future. What’s not green about that?” She said.

Eyre said currently 95 per cent of the lithium produced in the world is done overseas, adding this renewable process could put Saskatchewan at the forefront of the global lithium conversation.

“If we can position Saskatchewan for the future and for growing demand in these areas, of course we are all in,” Eyre said.

The company built its processing facility in Emerald Park to test the brines and has successfully extracted 99.7 per cent of the lithium from the brines.

Lithium has been identified as a critical mineral in the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration.

The province currently produces three critical minerals: uranium, potash and helium. A total of 22 of the 31critical minerals on the list have been discovered in Saskatchewan.

The province said the demand for lithium is forecast to increase over the next decade due to the growing need in ion batteries used in electric devices, vehicles and renewable energy storage.

Hmmmm. Any Carbon Tax money? I doubt it.

 

[pgs]

Lithium emerging as newest commodity in Sask. mining sector​

Updated Nov. 9, 2021 3:49 p.m. CST
REGINA -

Saskatchewan’s resource sector is gaining momentum with the emergence oflocally-produced lithium.

According to a release, Regina-based Prairie Lithium Corporation extracts lum from the province’s oilfield brines.

Prairie Lithium's innovative technology and the project's success to date is a shining example of the potential of our province to provide critical minerals to the world," Energy and Resources Minister Bronwyn Eyre said in a release.

RELATED STORIES​

• This lithium exploration project could revitalize the Sask. oil industry

Prairie Lithium finished drilling its first dedicated lithium brine in southeast Saskatchewan in September, the first of its kind to be drilled in the province. The company has also signed an agreement with Saskatoon based DEEP Earth Energy Production.

Saskatchewan’s Growth Plan supports the development of lithium exploration and extraction technologiesby providing funding programs like the Saskatchewan Petroleum Innovation Initiative and Saskatchewan Advantage Innovation Fund -- both used by Prairie Lithium.

"The support that we have received from the Saskatchewan Advantage Innovation Fund and Saskatchewan Petroleum Innovation Incentive have been critical to the development of our Direct Lithium Extraction technology," Zach Maurer, Prairie Lithium's president and CEO, said.

Since 2020, Prairie Lithium has used proprietary technology to extract lithium from subsurface brine water.

Eyre said this process is cleaner than the traditional way of extracting the mineral from hard rock and creates a sustainable use for the oil wells.

“Which is the beautiful irony, that oil field brine will power electric vehicles of the future. What’s not green about that?” She said.

Eyre said currently 95 per cent of the lithium produced in the world is done overseas, adding this renewable process could put Saskatchewan at the forefront of the global lithium conversation.

“If we can position Saskatchewan for the future and for growing demand in these areas, of course we are all in,” Eyre said.

The company built its processing facility in Emerald Park to test the brines and has successfully extracted 99.7 per cent of the lithium from the brines.

Lithium has been identified as a critical mineral in the Canada-U.S. Joint Action Plan on Critical Minerals Collaboration.

The province currently produces three critical minerals: uranium, potash and helium. A total of 22 of the 31critical minerals on the list have been discovered in Saskatchewan.

The province said the demand for lithium is forecast to increase over the next decade due to the growing need in ion batteries used in electric devices, vehicles and renewable energy storage.

Hmmmm. Any Carbon Tax money? I doubt it.

Well that is about normal , lithium and other rare minerals have been slowly gaining attention all year . Now with the press on it must be time to sell , or at least be careful .

 

[Ron in Regina]

Sask. company at forefront of sustainable lithium mining with new tech

The demand for lithium has jumped substantially in the last few years and is poised to keep doing so as electr...

www.cjme.com

Prairie Lithium’s pilot processing facility is in a small, unassuming building in Emerald Park 10 minutes east of Regina — but if its work pans out, it could have large potential for Saskatchewan.

“If the goal is to de-carbonize transport through electrification, everybody has to be very cognizant of the materials going into those vehicles and how those materials were mined in the world,” said Zach Maurer, president and CEO of Prairie Lithium.

Other ways of lithium mining and in other parts of the world are criticized for using a lot of land and huge amounts of water, and have been linked to contamination and animal deaths.

Maurer explained that sustainability is what the company had in mind when developing the new process to extract lithium from subsurface brine water in the oilfields.

Shame Trudeau at COP26, without consulting Saskatchewan or Alberta, has committed to stepping on Saskatchewan & Alberta, but is giving a pass to the Manufacturing & Aerospace & construction (I’m thinking of a specific concrete manufacturing plant in Quebec here) industries in his Woke Posturing Glasgow sermon to the other climate posers preaching “Do as I say & not as I do!” to teach a lesson we can all learn from I guess.

 

[taxslave]

The Chinese are buying up Canadian rare earth miners

Back in April testimony in front of the House of Commons warned about how China was cornering the market in rare earths, and currently controls 85%. It uses this to control prices and to punish nations which annoy it by cutting back on exports to them.

Now it is buying up Canada's rare earth mining companies. Something it has a habit of doing abroad - and often then bankrupting and closing down the companies to prevent competition. Last week a Chinese company and Canadian rare earth producer Millennial Lithium Corp agreed to a buyout, and yesterday another Chinese company agreed to buy out a second Canadian lithium producer Neo Lithium, Canada's largest producer of rare earths.

If the Trudeau government has any intention of doing ANYTHING to stand up to China and prevent them from increasing their already considerable power and influence over us and our economy the Liberal government needs to stop these purchases and any other like them. If they let these go ahead then I think we can say that this government has no interest in doing anything to protect Canada's independence from China's influence. Anyone want to bet they'll just smile and bow and let the sales go through?

In testimony before the House of Commons natural resources committee this month, experts described China’s decades-long efforts to control the market for critical minerals — including the 17 rare earth elements — by rapidly expanding its processing capacity or by acquiring foreign assets to dominate supply chains. The minerals, which include magnesium, lithium and scandium, are used to develop such strategic products as solar panels, wind turbines, electric car batteries, mobile phone components and guided missiles.

Canada sits atop an abundance of such minerals, from a large deposit of neodymium in northern Saskatchewan (used in the manufacture of magnets) to the sizeable pockets of lithium found in Quebec. That strategic advantage, experts said, makes it incumbent on Ottawa to help strengthen Canada’s supply chain and protect against China’s coercive foreign policy tactics.



https://www.newswire.ca/news-releas...lithium-corp-in-all-cash-offer-852178076.html

https://nationalpost.com/news/canad...rategic-minerals-amid-deteriorating-relations

We could just ban the export of these minerals. That would force the construction of factories in Canada to make them useable.

 

[Ron in Regina]

We could just ban the export of these minerals. That would force the construction of factories in Canada to make them useable.

Touchy subject. Ban the export of these materials or resources (?) or ban foreign ownership of these companies mining & refining these materials or resources?

Ban them on a Federal level when natural resources are the prerogative of the provinces they’re found in (?) or have the province’s individually ban foreign ownership of the mining & refining of these rare earth elements?

You’d have to be more specific with respect to banning what & by whom.

 

[taxslave]

Touchy subject. Ban the export of these materials or resources (?) or ban foreign ownership of these companies mining & refining these materials or resources?

Ban them on a Federal level when natural resources are the prerogative of the provinces they’re found in (?) or have the province’s individually ban foreign ownership of the mining & refining of these rare earth elements?

You’d have to be more specific with respect to banning what & by whom.

The government is about to ban the export of coal just because, so the same rules should be able to be used to ban the export of any other raw or semi processed material. If the feds can ban tanker traffic on the BC coast, then they can ban ore ships with the same law.

 

[petros]

DFO controls ports and coasts, not Provinces.

 

[taxslave]

Which is why the feds can easily ban any exporting they choose.