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U.S. lawmakers blast Canada over sale of lithium mining company to Chinese firm

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A trio of U.S. lawmakers are blasting Canada’s 'complicit approval' that allowed the sale of a Toronto-listed lithium mining company to a Chinese state-owned firm, and are urging Biden administration officials to investigate the acquisition.

A trio of U.S. lawmakers are blasting Canada’s “complicit approval” that allowed the sale of a Toronto-listed lithium mining company to a Chinese state-owned firm, and are urging Biden administration officials to investigate the acquisition.

"I was astonished that this was approved without much scrutiny from Prime Minister Trudeau’s government," Rep. Walz said to CTV News. "China’s increased economic influence over companies in both the U.S. and Canada is a grave national security threat, especially as it pertains to critical minerals that are essential to the future of U.S. energy independence."

Neo Lithium is listed on the Toronto Stock Exchange, but its mining site and employees are based in Argentina. The company says the proposed mine would extract lithium carbonate to be used in zero-emission vehicles.

 

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The mine in Argentina?

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