Ontario already produces $3.5 billion a year in critical minerals, but Greg Rickford, minister of northern development, mines, natural resources and forestry says with much of the world's supply concentrated in a few countries, global conflict has exposed supply vulnerabilities and there is a great opportunity for Ontario.
The strategy aims to support exploration, boost domestic processing and create local supply chains, reduce regulatory burdens, and build economic development opportunities with Indigenous communities. Premier Doug Ford has spoken recently of wanting to capitalize on the province's critical minerals to attract an electric vehicle battery plant to Ontario and says the strategy is a blueprint to connect resources and industry in the north to manufacturing in the south.
The province is investing $24 million over three years in Ontario's Junior Exploration Program, including $12 million for a critical minerals stream, and $5 million over two years in a new critical minerals innovation fund.
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Posthaste: Canada is being advertised as an attractive place for Russian oligarchs to set up shell companiesCanada is being advertised as an attractive place for Russian oligarchs to set up shell companies — via financialpost Canada Russia financialpost lol ok. Not even Canadians want to invest here. financialpost Not surprising. Canada is building its economy on foreign money and real estate. Is this what Trudy meant by 'post-national state'? financialpost Are the Russians advertising in postmedianet now? Makes sense, they own you anyways. PutinsPuppet
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