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One of the world’s largest aluminum deposits has been uncovered in Saskatchewan, representing “a possible game changer for North America’s aluminum supply chain.”
The preliminary economic assessment by Canadian Energy Metals Corp. says its Thor Project – which is located in the company’s 2,557-square-kilometre holdings in the Tisdale area in east-central Saskatchewan – has the potential to support long-term development, which could have a big impact on both the aluminum sector and the provincial economy.
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“From a geopolitical perspective, the Thor Project has the potential to position Canada as a secure North American source of alumina, providing a long-term alternative to imported bauxite and strengthening critical supply chains,” the company noted in a statement.
Based on its current projections, Canadian Energy Metals said the project, if it is ultimately developed and commercialized, “has the potential to create an entirely new processing and value-added industry for Saskatchewan and North America. The construction and operations could support high-paying jobs, royalty and tax revenues, and spur regional economic growth for decades.”
We’re hearing about the Thor Project from Canadian Energy Metals led by Chris Hopkins. 6.8 billion tonnes of aluminum have been found within a 230 square mile area in Saskatchewan. This puts the province on par with the leading aluminum holder in the world @CKOMNews @CJMENews pic.twitter.com/hFtMLcBRr5
— Libby Gray (@libby_gray9) January 30, 2026
Christopher Hopkins, the company’s president and CEO, said the project could be very big for the province.
“In our world, anything that moves products, transmits power or stores energy uses aluminum,” Hopkins said in a statement.
“We have established a world-leading, secure source of alumina right here in Saskatchewan. Our next focus is to engineer a demonstration facility while moving Thor towards commercialization.”
Saskatchewan Premier Scott Moe said the project will benefit from the province’s central geographic location as well as the government’s pro-mining policies.
“We’re excited about the prospect of a new alumina industry setting up shop in our province, where people are ready for more jobs and investment from around the world,” Moe said in a statement.
“This discovery underpins Saskatchewan as a leading jurisdiction for mining investment,” the premier added in a social media post.
Canadian Energy Metals Corp. said it has successfully produced 3N chemical-grade alumina and 4N high-purity alumina.
“Additional metallurgical and process testing on the polymetallic nature of this significant deposit is underway, specifically with respect to Smelter Grade Alumina (SGA), Scandium, and Vanadium,” the company noted.
Canada’s sector has taken a hit in recent months due to tariffs imposed on U.S. aluminum and steel imports by President Donald Trump.
