Canada and U.S. make first co-investment in critical minerals producers

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Natural Resources Canada News

Fortune Minerals Ltd.,Critical Minerals,Lomiko Metals Inc.

OTTAWA — The Canadian and U.S. governments say they're co-investing in critical mineral producers for the first time as they work to boost regional supplies....

OTTAWA — The Canadian and U.S. governments say they're co-investing in critical mineral producers for the first time as they work to boost regional supplies.

The U.S. Department of Defense says its investments align with its national defense industrial strategy and show a shared commitment to strengthening North American material supply chains.Fortune Minerals, set to receive $7.5 million from Canada and US$6.4 million from the U.S., says the company is grateful for the funding because it has been difficult to attract investments for critical minerals in traditional capital markets.

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