Canadian company Canadian Energy Metals has stated that they are sitting on a major site of alumina potential.
In a preliminary economic assessment, the company has suggested 6.8 billion tonnes of alumina could be processed from shale deposits near Tisdale, northeast of Saskatoon.
This potential project would transform Saskatchewan's economy.
The initiative must first set up a demonstration facility before it decides whether it's feasible to start the $6.3 billion project currently titled Thor.
Saskatchewan Premier, Scott Moe, has said alumina could be the province's next big resource after potash and uranium.
Mr Moe stated that he spoke about the project with premiers and Canadian Prime Minister Mark Carney this week.
This project could help position Canada as a stable supplier of critical resources.
“I'm very excited,” Mr Moe stated. “Do I think this has the realm to be in that scope of discussion, like uranium and potash, coming from Saskatchewan? Yes, I certainly do.”
Tisdale Mayor Mike Hill said his town is embracing the project: “Agriculture will always be our foundation; however no rural community thrives by standing still,” he said.
Source: The Canadian Press
