chief executive officer Johnathan More fielded questions from the federal government about the roughly 5-per-cent equity position Chinese state-owned Sinomine Rare Metals Resources Co. held in his tiny exploration company. What struck him was how naive some of the queries were.
At the end of the correspondence with Ottawa, Mr. More was pretty sure that the matter was closed and that he’d never hear from anyone in the government again.he was ordering Sinomine to sell its stake in Power Metals, owing to national security concerns, Mr. More was dumbfounded.why Ottawa targeted Power Metals and two other small exploration companies
Mr. More said he doesn’t believe politicians understand the issue. “I don’t think they even understand how a supply chain works,” he said.Mr. More was particularly incensed because Justin Trudeau’s Liberal government in 2019 allowed the same Chinese investor, Sinomine, to buy the Tanco mine in Manitoba.
The decision to target Lithium Chile, which has lithium projects in Chile and Argentina, was particularly puzzling. Earlier in the year, Mr. Champagne justified his department’s decision to allow the sale of Neo Lithium Corp., a Canadian lithium development firm, to China’s Zijin Mining Group Co. Ltd. on grounds that Neo Lithium was only a Canadian company in name.
globebusiness Dilemma !
Seriously?!?! Trudeau is a drama teacher. Facts and truth aren’t part of the act. It’s only a play.
No surprise there.
Any smart leaders don't allow critical mining to be owned by any foreign powers
They shouldn't allow it, China strategy is to get other countries indebted to them to they can influence policy, they done it to many other countries.