Strategic Metals and Minerals
Various Canadian Government departments and agencies, and various Canadian provinces (including Saskatchewan and Ontario) have made strategic metals and minerals a key economic and trade growth strategy.
Saskatchewan is internationally known for mining and exploration, and more recently getting recognition for critical minerals, including rare earth elements, which are used in electric vehicles (EVs), wind turbines, everyday electronics, and industrial uses. With demand for critical minerals to power the clean economy is expected to double by 2030 (according to the International Energy Agency), there is an enormous economic opportunity. The Government of Canada has identified 34 critical minerals, and 27 of those can be found in Saskatchewan.
Our future depends on critical minerals
Critical minerals are the building blocks for the green and digital economy as they are used in products such as:
- Wind turbines and solar panels
- Electric vehicles and charging stations
- Drones and satellites
- Smartphones and laptops
- Data centres and mobile networks
Canada’s critical minerals list supports three primary value chains outlined in the Canadian Critical Minerals Strategy:
Advanced manufacturing
- Additive manufacturing
- Advanced materials
- Industrial internet of things
Clean technologies
- Batteries and zero-emission vehicles
- Renewable energy generation and transmission
- Permanent magnets
Information and communications technologies
- Compound semiconductors
- Telecommunications
Argo’s Focus
Argo Gold is focusing on these key metals:
Copper
Electronics, plumbing and antimicrobial applications
Gold
Electronics, computers, aerospace, computers, glassmaking
Nickel
Stainless steel and rechargeable batteries
Uranium
Nuclear fuel and life-saving medical isotopes
Saskatchewan Project Location Map
Five Year Commodity Prices (to December 23, 2024)
Per TradingEconomics.com