Quest Planning $1.3B Processing Plant at Strange Lake

The Chemical Engineer reports that Quest Rare Minerals (TSX:QRM,NYSE:QRM) is planning on building a processing plant worth US$1.3 billion at its Strange Lake mine. The news follows the release of a prefeasibility study on the project in October.

As quoted in the market news:

The plant will be based in Bécancour, in Québec. According to Quest, it will create more than 300 full-time jobs once the plant is up and running, as well as 500 during construction.

“One of the reasons we have chosen Bécancour for our processing plant is its highly-skilled work force with extensive experience in heavy industries,” says Peter Cashin, Quest’s president and CEO. He adds that the company is expected to employ dozens of  engineers, metallurgists and geologists.

Click here for the full article in tcetoday

Related reading:

PROJECT UPDATE: Quest Releases Prefeas on Strange Lake