A private company developing a major critical metals discovery
About Canadian Energy Metals
A Leader In Canadian Critical Metals Development
CEM has identified and is actively developing a significant critical minerals discovery in East-Central Saskatchewan. The resource stands out not only for its strategic location, but also for its large size. These have been demonstrated by comprehensive evaluation, assessment and piloting.
The project benefits from established infrastructure and the metals targeted by CEM are essential to Canada’s advancement in aerospace, defence, and sustainable energy.
CEM is positioned to play a leading role in propelling North American growth across these vital sectors.
Thor Project
Measured Resource, Strategic Applications
Our project combines a substantial and demonstrated resource base with the ability to produce high-value metals that are in demand for Canada’s sustainable energy, defense, advanced materials and aerospace industries. These include:
Chemical Grade Alumina (CGA)
High Purity Alumina (HPA)
Smelter Grade Alumina (SGA)
Scandium, Vanadium and Other Metals
By The Numbers
A Major Critical Metals Discovery, Assessed and Tested
Our project pairs a proven critical metals discovery with an established infrastructure base and a clear path to development. With strong local partnerships and a supportive regulatory environment, Project Thor is positioned to advance as a shovel-ready project for Canada’s low-carbon economy.
>49.5
billion tonnes Measured & Indicated Resource1
~6.8
billion tonnes of alumina
1 - Technical Report, Thor Project, Tisdale, Saskatchewan, Canada; Stantec, January 2026.
Location
The Thor Project is located in East-Central Saskatchewan. Saskatchewan is well-regarded globally for its mining leadership and resource activity. Located outside of the boreal forest, the project lands total 987 square miles.
FAQs
Questions and Answers
When was the Company incorporated?
What are the Company’s key projects or assets?
The property’s polymetallic black shale resource offers a potential strategic alternative to global bauxite supply. The resource comprises aluminum as well as scandium and vanadium. Piloting has confirmed the production of high purity alumina (HPA) and chemical grade alumina (CGA) with testing continuing on Smelter Grade Alumina, scandium, vanadium and Rare Earth Elements.
What makes this deposit significant within Canada and North America?
Geography. Saskatchewan has long been regarded as one of the best mining jurisdictions in Canada and the world (Fraser Institute’s Annual Survey of Mining Companies, 2025). The project is close to the geographic centre of North America, and has a well-developed offering of power, road, and services infrastructure. On-site rail provides transport to markets throughout North America. Strategic. The Thor Project has the potential to position Canada as a secure North American source of alumina, strengthening supply chain independence, and playing a key role in the growing demand for metals in aerospace, defence, and clean energy.
What stage of development is CEM currently at?
Looking ahead in 2026, CEM plans to advance its Prefeasibility Study, including engineering the design of a commercial demonstration plant. The Company continues to be focused on environmental stewardship, Indigenous engagement, and community collaboration.
How is CEM advancing the feasibility of the project?
The Preliminary Economic Assessment (“PEA”) results are positive and support the rapid advancement of the project. It should be noted that financial results are neither definitive, nor do they represent the valuation of Thor or the Company. They do not provide the same level of detail and assurance as prefeasibility or feasibility studies, which are the next steps for CEM. The Company continues to evaluate the project scenarios, sensitivities and risk associated with the assumptions applied.
In 2026, CEM’s objectives include:
- Updating the mineral resource estimate based on the successful 2025 drill program;
- Confirming the potential for new products and by-products including SGA and scandium, and vanadium;
- Preparing a Prefeasibility Study including engineering the design of a commercial demonstration plant; and
- Pursuing opportunities to advance, finance and monetize the Thor Project for its shareholders.
How much capital has Canadian Energy Metals raised to date?
CEM is a private resource development company. CEM has raised more than C$50 million since inception. The Company continues to have an active dialogue with strategic and financial partners.
Why is aluminum production important for Canada and the global market right now?
Aluminum is essential for the industries driving global growth. This includes everything from EVs and clean energy, to construction and aerospace.
The world’s current aluminum supply is heavily concentrated in a few regions, creating vulnerability in global supply chains. This exposes manufacturers to geopolitical risk, while Canada offers a secure, low-carbon supply supported by stable governance and strong environmental standards.
Canada is a leader in energy-focused and advanced materials industries. Aluminum represents a cornerstone to Canada’s critical minerals strategy. The opportunity to deepen its resource self-reliance and increase its share of processing value-added is a fundamental tenet of Saskatchewan and Canada’s economic objectives.
Discover the Thor Project
CEM has discovered and is poised to deliver a large resource of critical metals, including aluminum, scandium and vanadium.
Corporate
1150, 707-7 Avenue SW, Calgary, Alberta T2P 3H6, Canada
info@canadianenergymetals.com
CEM Research & Technology Facility
611 Heritage Road - Tisdale, SK
Warehouse Office
Saskatoon, SK