Nunavik rare earths project moves to feasibility study phase – Nunatsiaq News
“Quest is poised to ultimately meet that demand”
July 30, 2015
It’s one of the few commodities in demand among global metal markets — and Nunavik could see its first rare earth mine go into production as early as 2019.
Montreal-based Quest Rare Minerals Ltd. has proposed a project that would mine more than 350,000 tonnes of rare earth concentrate each year over a 30-year period from its Strange Lake property at the southeast corner of Nunavik, along the Labrador border.
The project is still in a preliminary phase; the company is preparing a feasibility study this year, with plans to submit an environmental impact statement in mid-April 2016.
But a 2014 economic assessment on Quest Mineral’s Strange Lake B-Zone deposit says the project represents a net present value of $1.42 billion.
