Over 8,800 inactive oil and gas wells and facilities in Saskatchewan were capped or closed under the Accelerated Site Closure Program. The program was announced in 2020 and provided $400 million directly to Saskatchewan-based oil and gas service companies.
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In light of recent rare earth industry news related to a third-party company, and the volume of inquiries being received on this subject, SRC wants to clarify that its Rare Earth Processing Facility currently under construction is on schedule and on budget and will be fully operational by the end of 2024. To confirm, SRC is not connected in any way with that third-party company.
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This news release originally appeared on the Government of Saskatchewan website . The Saskatchewan Research Council (SRC) has successfully designed and manufactured proprietary commercial-scale...
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