Huge for Case Lake!Ontario's Minister of Mines speaks up on the importance of Cesium production.
Ontario welcomed two new producing mines in the summer of 2024 as IAMGOLD’s Ct Gold and Equinox Gold’s Greenstone Gold mines started production. The province has also seen great exploration success, with Ontario being ranked the number one jurisdiction in 2023 for junior exploration spending in Canada.
We continue to discover new rare earth metals across the province, including cesium north of Timmins, which is vital for national security and the movement to clean energy. There is currently no global production, and all the stockpiles are in China, meaning if we can harness this resource, it will not only boost the economy in Ontario but be of strategic importance to the West.
At PDAC 2024, we had some insightful conversations with the Canadian Minister of Energy and Natural Resources concerning building our mines faster for the benefit of national security. This is associated with the ongoing global geopolitical tensions and aligns with our goals at the Ministry.