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5N Plus to Expand St. George, Utah, Facility by Approximately 50%

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5N Plus (VNP.TO) is planning to expand its St. George, Utah rare-earths refining facility by approximately 50%, it said Tuesday.

The company expects construction to begin in the third quarter of 2026 and to be completed by the second half of 2027, it said.

"The St. George facility, wholly owned by 5N+ since 2014, transforms germanium, indium antimonide, gallium arsenide, cadmium telluride and cadmium zinc telluride into high-value semiconductor materials, wafers, substrates and selected components," the company said.

The company said the St. George expansion project, including the gradual installation of new equipment, will be funded within its existing capital expenditure plans and support from customers.

"Expanding our existing St. George facility will create a capital-efficient and scalable platform to increase our capacity in step with customer demand, leveraging the site's established operations, experienced team and technical expertise," said Chief Executive Officer Richard Perron. "Our project execution plan will also accelerate time to market for customer-backed opportunities, while having an expanded facility will provide flexibility to support additional growth over time across our core end markets."

Price: $28.56, Change: $+0.89, Percent Change: +3.22%

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Mining & Metals

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Mining & Metals

Mark Carney's Government Introduces Bill C-39 to Speed Up Major Projects

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Mining & Metals

Elemental Royalty to Buy Orion Precious Metals Portfolio for $290 Million; CEO Resigns

Elemental Royalty (ELE.TO, ELE), up 1.2% in after-hours US trading, said Monday it entered into agreements to acquire a portfolio of five precious metals streams and royalties from funds managed by Orion Mine Finance Management for $290 million.The purchase price includes $200 million in cash and $90 million in equity, the company said.Separately, the company entered into a non-binding agreement with Carlin East to sell its Generation Business, which includes wholly owned exploration projects.Under the proposed transaction, Carlin East would also assume management and shared ownership of Elemental's option agreements and certain early-stage exploration royalties associated with the Generation Business.In return, Elemental would receive a cornerstone equity stake in Carlin East.Elemental also said chief executive David Cole resigned effective immediately to take a leadership role at Carlin East.Frederick Bell, currently Elemental's chief operating officer, was appointed chief executive officer and director.ELE's shares were up $0.27 to $21.99 at last look in after-hours US trading after closing up CA$0.66 to CA$30.45 on Toronto Stock Exchange

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