Current projects
We at BorealEx is both customer and project based, and the red thread in our projects is the desire to contribute to enviornmental solutions for Norway, Europe and the rest of the world.
Permanent magnets
Despite the EU’s goal to reduce dependency on China for rare earth elements and critical minerals, Europe currently has only a handful of permanent magnet producers. This presents a significant opportunity for BorealEx and our European partners to take a leading role in establishing local, sustainable magnet production.
In this project, BorealEx is focusing on innovative and environmentally responsible electrolysis technologies to help realize that vision.
Thorium fluoride
Nuclear energy remains one of the safest, cleanest, and most reliable energy sources available, with a minimal environmental footprint over the lifespan of a power plant. Norway is uniquely positioned in this field, possessing an estimated 180,000 tonnes of thorium—the largest known deposit in Europe—primarily located in the Fensfield region near Ulefoss in Telemark County.
In this project, we are developing and optimising an advanced process for producing thorium fluoride, a key fuel component for Molten Salt Reactors (MSRs). Our long-term objective is to establish BorealEx as a trusted global supplier of thorium fluoride for the emerging MSR market.
Alum slate
Alum slate, a common rock found in Norway and Sweden, is currently classified as hazardous waste due to its uranium content. It also contains sulfur, carbon, and toxic metals such as vanadium. Traditional disposal methods are costly and environmentally damaging, posing long-term risks to soil and drinking water. For residents, municipalities, and national authorities, alum shale represents a significant environmental and economic burden.
Solberg Industri and BorealEx are developing an innovative and eco-friendly hydrometallurgical process to turn alum slate from a liability into a resource. By extracting the majority of the uranium, the treated material can either be safely deposited as ordinary waste or repurposed in applications such as concrete production and bulk materials. The goal is not only safe waste management, but also creating new pathways for sustainable resource use.