The federal government is investing over $344 million into programs aimed at developing research, commercialization, and other initiatives in Canada’s critical minerals sector.
Natural Resources Minister Jonathan Wilkinson made the announcement on March 7, which follows his launching of the Canadian Critical Minerals Strategy in December 2022 that included a total federal investment of up to $3.8 billion.
Just over $144 million of the new $344 million investment will go toward the Critical Minerals Technology and Innovation Program, which Wilkinson’s department says will fund “research, development, demonstration, commercialization and adoption of new technologies” in the sector.
Over $79 million of the new investment will go toward an initiative designed to “enhance” data availability and quality for technology that maps and identifies critical minerals reserves….