{"id":7124,"date":"2022-03-17T15:37:32","date_gmt":"2022-03-17T19:37:32","guid":{"rendered":"https:\/\/aboriginalbusinessmagazine.com\/?p=7124"},"modified":"2022-03-17T15:37:52","modified_gmt":"2022-03-17T19:37:52","slug":"ontario-announces-critical-minerals-strategy-aiming-to-attract-investment","status":"publish","type":"post","link":"https:\/\/aboriginalbusinessmagazine.com\/?p=7124","title":{"rendered":"Ontario announces critical minerals strategy aiming to attract investment"},"content":{"rendered":"

THUNDER BAY, Ont.- Ontario is releasing a critical minerals strategy seeking to attract more investment and mining to the resource-rich province.<\/p>\n

The minerals are used in smartphones, batteries for electric vehicles and solar panels.<\/p>\n

Ontario already produces $3.5 billion a year in critical minerals, but Greg Rickford, minister of northern development, mines, natural resources and forestry says with much of the world’s supply concentrated in a few countries, global conflict has exposed supply vulnerabilities and there is a great opportunity for Ontario.<\/p>\n

The strategy aims to support exploration, boost domestic processing and create local supply chains, reduce regulatory burdens, and build economic development opportunities with Indigenous communities.<\/p>\n

Premier Doug Ford has spoken recently of wanting to capitalize on the province’s critical minerals to attract an electric vehicle battery plant to Ontario and says the strategy is a blueprint to connect resources and industry in the north to manufacturing in the south.<\/p>\n

The province is investing $24 million over three years in Ontario’s Junior Exploration Program, including $12 million for a critical minerals stream, and $5 million over two years in a new critical minerals innovation fund.<\/p>\n

This report by The Canadian Press was first published March 17, 2022.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

THUNDER BAY, Ont.- Ontario is releasing a critical minerals strategy seeking to attract more investment and mining to the resource-rich province. The minerals are used in smartphones, batteries for electric vehicles and solar panels. 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