Minerals & Metals · AB · #102 of 131 disclosed prospectus tickets

Alberta Critical Minerals Recovery & REE Refining

Summit deal plate

REE, gallium, scandium refining

At a glance

Proponent
Vandit Verma (proponent)
Capex (as printed)
US$216M – US$360M
Capex (US$, midpoint)
US$216M – US$360M
Stage
Feasibility / permitting
Location
53.72°N, 113.05°W
Summit deal plate
Yes — in the 167-project prospectus pitched Sept 14–15 2026
Fast-track list
No MPO referral on record
Project location.

Modelled GDP contribution Modelled

Build 2030–2031 at 55% construction value-added, then 15% of capex per year operating. Peak US$79M/yr · cumulative 2026–40 US$526M.

US$0MUS$20MUS$40MUS$60MUS$80M2026203020352040

Connectivity · nearest existing infrastructure

Straight-line distance from the project point to the nearest vertex of each network layer.

Railway14 km
Major highway22 km
Transmission ≥230 kV35 km
Pipeline35 km
PortSquamish828 km
Generating stationGenesee (1,400 MW)93 km
City >50kEdmonton35 km

Nearest other projects

Blue & Turquoise Hydrogen / Methanol Modular PlantConventional Energy5 km
Alberta Industrial Heartland 1.0 (waste-to-energy + CCS)Clean Energy9 km
Gasia Homestead Diluent Recovery & Partial UpgraderConventional Energy10 km
Low-Carbon Synthetic Gasoline Facilities (×2)Conventional Energy21 km
Clearwater (direct lithium extraction)Minerals & Metals68 km

Also in Alberta

West Coast Oil PipelineEarly / conceptUS$35B
BW Velora — Redcliff (Medicine Hat)Advanced / FEEDUS$11B
Calgary–Edmonton High-Speed RailEarly / conceptUS$8.0B
Low-Carbon Synthetic Gasoline Facilities (×2)Advanced / FEEDUS$6.0B – US$7.0B
Genesee Energy CampusAdvanced / FEEDUS$2.0B – US$6.0B
Clearwater (direct lithium extraction)Feasibility / permittingUS$2.5B

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