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The new measures are designed to turn Canada’s resource advantage into a strategic strength
Cohen emphasized how both countries should work together to form a critical minerals supply chain centered in North America
The priority sectors include clean technologies, advanced manufacturing, information and communications technologies and semiconductors
The government will prioritize supporting copper, lithium, graphite, cobalt, nickel and rare earth elements
$1.5B will be going toward mineral projects in remote locations throughout the country
The North Island Project alone could create 498 full-time jobs during operations
Vice President JD Vance also outlined plans for a broader preferential trade bloc
British Columbia Premier David Eby said mining will anchor the country’s next economic phase
The federal government has taken stakes in domestic rare-earth projects and issued loans to mining ventures
Canada’s ambitions come as global pressure mounts to diversify mineral supply chains