Schneider Electric, Torngat Metals sign MoU to develop resilient, responsible rare earth value chain
Schneider Electric and Torngat Metals have signed a non-binding Memorandum of Understanding (MOU) to explore a strategic industrial partnership to support the development of a resilient and responsible rare earth value chain.
The partnership is anchored in the development of the Strange Lake rare earth project in Nunavik, with associated infrastructure in Labrador and a planned separation facility in Sept-Îles. It is designed to support an integrated, end-to-end collaboration, connecting upstream resource development, technology integration, and future industrial demand.
The MOU is intended to support the development of a 360° partnership, with a dual objective:
- To support the development of a next-generation mining and processing project, leveraging Schneider Electric’s expertise in electrification, automation, digital systems and sustainable industrial design; and
- To strengthen Schneider Electric’s long-term supply chain resilience, through access to a more secure, responsible and compliant rare earth and magnet ecosystem for strategic applications.
The Strange Lake project is expected to produce both heavy and light rare earth elements essential to permanent magnets used in renewable energy, digital infrastructure and advanced manufacturing. This makes the future collaboration more than a project support arrangement – it represents a concrete step toward a trusted, end-to-end critical minerals value chain, the companies say.
Frederick Morency, VP, Sustainability, Strategic Initiatives & Innovation for Schneider Electric Canada, said: “This partnership reflects a clear reality: the energy transition depends not only on technology, but on secure and responsible access to critical materials. With Torngat Metals, we are aiming for a fully integrated approach, from resource to industrial use, that strengthens both project development and long-term supply resilience. It is a concrete example of how industrial players can come together to build trusted supply chains.”
Maryse Bélanger, Interim Chief Executive Director and President of the Board, Torngat Metals, said: “Strange Lake is designed to become a key player in building a resilient and responsible rare earth supply chain. Working with Schneider Electric will enable us to integrate world-class industrial technology designed with sustainability in mind in our future operations, while connecting our project to real downstream demand. This is an opportunity to build not just a mine, but a complete, future-ready value chain.”
Stéphane Piat, SVP, Global Supply Chain Strategy & Performance, Schneider Electric, added: “This partnership illustrates how we collaborate with our strategic partners, sharing our advanced energy technologies to enable more sustainable and efficient processes. Torngat Metals supports our resilience strategy by securing the availability of the critical materials essential to an antifragile supply chain.”
By embedding sustainability, efficiency and digital performance across the project lifecycle, from design through operations, the partnership aims to set new standards for responsible resource development.
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