In addition, western nations such as Canada and the United States are looking to redesign their supply chains, which were hit during the pandemic, away from China and towards friendlier nations., which encourages companies to set up factories in the country through various tax incentives. The legislation also provides tax benefits for companies assembling electric vehicles in and using minerals from North America.
Wares has worked in the mining sector for more than 40 years. He is known in the industry for his work in discovering this country’s largest gold mine, the Canadian Malartic bulk tonnage gold deposit. These days, though, he is more focused on building copper projects.Article content Regardless, he believes Canada has the potential to become one of the world’s leaders in hard rock lithium production even though the country currently has just two lithium-producing mines.
The numbers suggest some gold miners are shifting to the critical minerals sector in a bid to make the most of the favourable environment.