Company wants to mine elements for permanent magnets, electric cars
The company behind a proposed mining project in southeast Labrador hopes its project is much larger than originally thought with the capacity for more production for a growing industry.
Search Minerals has been working in Labrador since 2010 and wants to mine for rare earth minerals near the community of St. Lewis in two deposits the company calls Foxtrot and Deep Fox.
The company’s president and CEO Greg Andrews says they have already found more than a decade of mine life in the Foxtrot deposit, but the second deposit could more than double that time.
“Two resources in the area would extend the mine life from Foxtrot’s 14 years to, hopefully, with Deep Fox, if it proves out … the area of 30-plus years and make it a generational-type project,” Andrews told CBC Radio’s Labrador Morning.
He said the Foxtrot deposit has a relatively small footprint, while Deep Fox could be considerably larger and hold a higher grade of rare earth elements.
For the rest of this article: https://www.cbc.ca/news/canada/newfoundland-labrador/search-minerals-mine-labrador-1.4787578