Minerals & Metals · SK · #122 of 131 disclosed prospectus tickets

SRC Minerals-to-Magnet

Summit deal plate

Canada's first NdFeB magnet plant

At a glance

Proponent
Saskatchewan Research Council
Capex (as printed)
US$170M
Capex (US$, midpoint)
US$170M
Stage
Early / concept
Location
52.15°N, 106.60°W
Summit deal plate
Yes — in the 167-project prospectus pitched Sept 14–15 2026
Fast-track list
No MPO referral on record
Project location.

Modelled GDP contribution Modelled

Build 2032–2033 at 55% construction value-added, then 15% of capex per year operating. Peak US$47M/yr · cumulative 2026–40 US$259M.

US$0MUS$20MUS$40M2026203020352040

Connectivity · nearest existing infrastructure

Straight-line distance from the project point to the nearest vertex of each network layer.

Railway6 km
Major highway4 km
Transmission ≥230 kV9 km
Pipeline103 km
PortChurchill1,072 km
Generating stationBoundary Dam (incl. CCS) (672 MW)424 km
City >50kSaskatoon5 km

Nearest other projects

Canadian Uranium Conversion FacilityMinerals & Metals9 km
Project Titan (sulphate of potash)Minerals & Metals77 km
Covenant Energy (renewable diesel + SAF)Clean Energy226 km
North Star Project (BECCS)Clean Energy251 km
Canadian Showcase (diluent-free heavy oil upgrading)Conventional Energy261 km

Also in Saskatchewan

Rook I UraniumUnder constructionUS$1.6B
Loki Flake GraphiteFeasibility / permittingUS$1.4B
PLS (Triple R) UraniumAdvanced / FEEDUS$1.2B
Prairie LithiumUnder constructionUS$881M
Covenant Energy (renewable diesel + SAF)Advanced / FEEDUS$653M
Boardwalk Lithium BrineFeasibility / permittingUS$600M

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