Critical Minerals & REE

KAP Minerals represents an estimated deposit of 14.5 million metric tons of tailings in Kapuskasing, Ontario that are on the surface in a full developed mine site for easy access and development. The tailings include a number of elements listed on the Canadian and USA Critical Minerals lists. This includes an estimated 100,000 tonnes of Rare Earth elements plus a significant amount of Scandium estimated at 1,500 tonnes. There is also reasonable amounts of Niobium and Tantalum. Overall the radioactive levels are reasonably low.

Given that global annual production of Scandium is estimated to be 30-35 tonnes KAP could become are significant source of this material globally as the majority of supply comes from China and Russia. It has potential applications in the military, aerospace and transportation industries. The 4 main elements in Rare Earths are Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb). which are used in rare earth magnets and preliminary analysis shows significant levels of Nd and Pr.

Additional planned drilling will improve the accuracy of reserve estimates, and uncover further deposits in the Crandalite layer, a high concentration zone. 

Kapuskasing elements are critical to advancing modern technologies, from the production of renewable energy systems like wind turbines, and for small motors for use in traditional automotive vehicles and EV vehicle drive trains, plus basic electronics.