Hey there, mining enthusiasts! We have some fantastic news coming from Saskatchewan! Energy and Resources Minister Colleen Young recently visited Foran Mining Corporation’s Exploration Warehouse in Saskatoon to share big news about a brand-new copper and zinc mine, McIlvenna Bay, which is set to kick off production in mid-2026.

This project is a significant step forward for Saskatchewan’s mining industry, and guess what? It’s not just about the minerals. It’s about creating sustainable career opportunities, especially for the northern communities!

Foran's McIlvenna Bay mine represents a whopping capital investment of over $1 billion. It promises to produce copper, zinc, gold, and silver over its first 18 years of operations. Thanks to the Saskatchewan Government’s support through the Critical Minerals Processing Investment Incentive, this mine is poised to be a game-changer!

As Saskatchewan aims to double its critical mineral production, McIlvenna Bay will play a vital role alongside Prairie Lithium’s extraction facility. By encouraging exploration spending—which is expected to reach an impressive $408 million—you can see that big things are happening here.

With all these developments, Saskatchewan is on the path to becoming a hub for Rare Earth Elements and solidifying its role as a leader in mining investment. It's an exciting time for everyone invested in the future of energy, manufacturing, and infrastructure!

Stay tuned for more updates, and get ready to see Saskatchewan shine in the mining sector!