QSA's Holiday Break in Mining (Issue #11, 2024)
Canada invests in critical minerals; tariffs on Chinese critical minerals; October's mineral production data; key meetings with industry leaders.
Start Date: 2024-12-14
End Date: 2025-01-03
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Canada Invests in Critical Minerals Infrastructure in Saskatchewan
On December 20, 2024, Natural Resources Canada announced a $20 million investment for Foran Mining Corporation to develop infrastructure at the McIlvenna Bay site in Saskatchewan. The funding aims to electrify the mine, targeting carbon-neutral copper production, and includes the construction of a hydro transmission line and electric vehicle charging infrastructure. This move is part of Canada's broader strategy to expand its critical minerals value chains, supporting economic opportunities and ensuring national security. The investment also aligns with efforts for Indigenous participation in critical minerals projects.
Sources: ['Announcements: www.canada.ca']
