March 31, 2026–Written by Paul Wiseman for IIR News Intelligence (Sugar Land, Texas)–In spite of existing tensions between Ottawa and U.S. President Donald Trump, Canada’s government has announced a $175 million loan to a mining project whose major investor has close ties to Trump.
Montreal-based Torngat Metals‘ Strange Lake mine will extract up to 13 million metric tonnes per year of rare earths for 30 years, according to the company’s website. Also part of the project is a 105-mile road for shipping mined product to the coast of Labrador, from which it would be transported just more than 1,000 miles by ship to a proposed processing plant in Sept-Îles, Quebec.
