A large resource of critical metals
CEM has discovered and is poised to deliver a large resource of critical metals, including aluminum, scandium and vanadium ("Thor Project"). Thor comprises a 100%-owned, 987 square mile mining development project in East-Central Saskatchewan.
Confirmed Resource. Trusted Partners.
Extensive Drilling and Testing
Since 2022, 125 test holes have been drilled, cored, and logged - and the discovery of a large resource confirmed. Initial piloting is complete with advanced product testing underway.
Supportive Regulatory Environment
As a leading mining jurisdiction, Saskatchewan has a strong track record of approving and permitting large-scale resource developments. The project aligns closely with the emerging federal critical minerals initiatives and trade objectives.
Strong Community and Industry Backing
CEM maintains a high level of support from provincial and local governments, Indigenous communities and industry partners.
By The Numbers
43
billion tonnes Measured and Indicated Resource1
6
billion tonnes Alumina plus Scandium and Vanadium
125
holes
drilled
500
thousand assays
conducted
15
thousand hours of metallurgical engineering
1 Technical Report, Thor Project, Tisdale, Saskatchewan, Canada; Stantec, January 15, 2025.
The Thor Project is adjacent to the town of Tisdale and extends over 11 rural municipalities. CN and CPKC rail lines stretch across the property as well as natural gas and electrical transmission lines. Two hydroelectric dams (totalling 544MW) are located near the town of Nipawin.
Optimizing Processing for Alumina and Key Metals
The technical team at CEM is focused on evaluating proven processing methods to produce high-value and environmentally robust products. One of the key steps in the process involves recovering aluminum, initially in the form of aluminum chloride hexahydrate (ACH), through crystallization. This intermediate product, ACH, is then subjected to further processing through calcination and pyrohydrolysis to obtain aluminum oxide (Al₂O₃), commonly known as alumina. The alumina is produced in two grades: Chemical Grade Alumina (CGA) and High Purity Alumina (HPA), both of which have significant market applications. CEM is also developing a process flow sheet for Smelter Grade Alumina (SGA) as well as Scandium and Vanadium.
A Preliminary Economic Assessment (PEA) is currently being prepared. Following this, the company will enter discussions regarding a joint venture (JV) partnership and/or the engagement of strategic investors to support the next phase of development and commercialization.