SRC Signs Letter of Intent with E-Tech Resources Inc.

March 15, 2022

SRC and E-Tech Resources Inc. recently announced the signing of a non-binding Letter of Intent. The parties intend to cooperate in the sourcing of Monazite Concentrate, test work and pilot-scale hydrometallurgy to produce a mixed rare earth carbonate/chloride and rare earth oxide separation, all originating from the Eureka monazite mineral project in Namibia.

Read the news release on the E-Tech Resources website

Elbert Loois, CEO of E-Tech Resources, comments:
"E-Tech is pleased to have selected SRC as a potential processing provider for Eureka’s rare earth cracking and separation, based on its decades of experience in concentration and separation technologies of Rare Earths Elements (REE) from various minerals. This Letter of Intent is an important milestone in our gradual development towards a tested and saleable product to industrial specifications."

SRC, a leader in the development of processing and separating technologies, is working closely with mining companies in Saskatchewan, Canada and globally on the concentration and separation of REE ore. SRC’s Rare Earth Processing Facility, slated to be fully operational in 2024, will be a catalyst to stimulate the resource sector in Saskatchewan and across North America, providing the early-stage supply chain needed to generate industry investment and growth – an important piece of the puzzle in the energy transition.

jars of rare earth samples at src ree processing facility