Good morning! Welcome back to Queen Street Analytics' weekly digest of regulatory developments, legislative discussions, political announcements and other government-related news concerning metals and non-metals miners, explorers and prospectors.

Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-03-09
End Date: 2025-03-15

Top Headlines

Main Stories

Canada Funds IAMGOLD for Electrification

On March 13, 2025, the Government of Canada announced a $1.48 million investment from the Low Carbon Economy Fund to support IAMGOLD Corporation's project to electrify mining operations at the Côté Gold mine in Sudbury, Ontario. The project aims to replace diesel equipment with electric alternatives, reducing emissions by approximately 7,500 tonnes of CO2e by 2030. This shift will enhance grid resilience and promote cleaner mining solutions.

Sources: Announcements: www.canada.ca

Team Canada Advocates at CERAWeek 2025

Natural Resources Minister Jonathan Wilkinson represented Canada at CERAWeek 2025 in Houston, advocating for Canadian energy interests. Discussions included reducing tariffs that increase costs across industries and promoting Canada's role as a reliable energy supplier. Key topics were LNG projects, critical minerals, and Indigenous partnerships, aimed at fostering energy security and innovation.

Sources: Announcements: www.canada.ca

Canada Gazette Releases New Orders

The Canada Gazette, Part II, published an order exempting British Columbia from federal methane regulations to reduce compliance costs and an order designating new project classes for environmental assessments. These orders aim to streamline regulations and encourage project development with minimal environmental impact.

Sources: Canada Gazette, Part II: www.gazette.gc.ca, Canada Gazette, Part II: www.gazette.gc.ca

Quebec Invests in Mining Residue Valorization

Quebec announced a $600,000 investment in Exterra Solutions Carbone for a project to extract nickel and cobalt from asbestos mining residues. The project aims to develop sustainable battery materials for electric vehicles, potentially positioning Quebec as a leader in this sector by 2028.

Sources: Provincial Announcement: www.quebec.ca

Alberta to Collect Bitumen Royalties In-Kind

Alberta's government will collect bitumen royalties in-kind, joining conventional royalties, to maximize resource revenue. This move, announced by Premier Danielle Smith, aims to enhance market potential and secure better deals for Alberta's oil resources globally.

Sources: Provincial Announcement: www.alberta.ca

Important Updates

Secondary Stories

Strategic Innovation Fund Boosts Mining

Canada's Strategic Innovation Fund allocated $5 million to the Mining Innovation Commercialization Accelerator to support mining innovation and strengthen supply chains.

Sources: Announcements: www.canada.ca

CERAWeek Highlights Saskatchewan's Role

At CERAWeek 2025, Saskatchewan emphasized its leadership in energy innovation, focusing on sustainable practices and investment opportunities.

Sources: Provincial Announcement: www.saskatchewan.ca

British Columbia's Historical Mineral Data Updated

The Mineral, Placer, and Coal Tenure History dataset for British Columbia was updated, providing comprehensive historical data for the region.

Sources: Open Government Data Set: open.canada.ca

Report on Indian Oil and Gas Act Released

The 2021-2023 Report to Parliament on the Indian Oil and Gas Act was published, detailing the administration of resources on First Nation lands.

Sources: Open Government Data Set: open.canada.ca

Nickel Market to Reach $100 Billion by 2034

A report forecasts the global nickel mining market will reach $100 billion by 2034, driven by rising demand for electric vehicles.

Sources: Canadian News Outlet: www.theglobeandmail.com

Cobalt Refinery Hopes to Relaunch

A cobalt refinery in northern Ontario anticipates a spring relaunch amidst financial challenges.

Sources: Canadian News Outlet: www.cbc.ca

Provincial Announcements

Quebec Invests in Mining Training

Quebec announced a $966,496 investment to train workers in heavy equipment mechanics for the mining sector, addressing labor shortages.

Sources: Provincial Announcement: www.quebec.ca

Public Officials' Social Media

MP Ryan Turnbull Discusses Graphite Mining

MP Ryan Turnbull met with Northern Graphite Mines, discussing the strategic importance of Canada's graphite supply for the green economy.

Sources: Social Media: x.com

MP Jonathan Wilkinson on Critical Minerals

MP Jonathan Wilkinson tweeted about Canada's investments in critical minerals and partnerships, highlighting the U.S. choice between Canada and China.

Sources: Social Media: x.com

What We're Reading This Week

• Global Nickel Mining Market Forecast: Nickel market projected to hit $100 billion by 2034.
• Cobalt Refinery Hopes to Relaunch: Northern Ontario's cobalt refinery aims for a spring relaunch.
• Meridian Mining’s Cabaçal Study: Pre-feasibility study delivers strong financial metrics for Cabaçal project.
• NexGold Tailings Design Update: Positive update on tailings design for Goliath Gold Complex.