The Canadian government has recently announced updates to its Critical Minerals List, adding three new minerals to the existing 31. The new additions include high-purity iron, phosphorous, and silicon metal, which are vital for various industries such as technology, steel manufacturing, and food security. These minerals play a crucial role in Canada’s plan to reduce greenhouse gas emissions and achieve net-zero emissions by 2050.
In addition to the list update, the Minister of Energy and Natural Resources, Jonathan Wilkinson, revealed two investments of CAD$5 million each to MIRARCO and Electra Battery Materials Corporation. The funding aims to support the critical minerals sector, particularly in Northern Ontario. MIRARCO will focus on recovering battery metals like nickel, cobalt, and copper from mine tailings, while Electra plans to advance its battery materials recycling project.
This strategic investment in the critical minerals sector aligns with Canada’s 2030 Emissions Reduction Plan and underscores the country’s commitment to a clean air, strong economy, and sustainable future. The funding will not only boost the critical minerals industry in Canada but also contribute to the global supply chain for battery materials.
With these initiatives in place, Canada is poised to play a significant role in the transition towards a greener economy and a more sustainable future. The advancements in critical minerals mining and recycling will not only drive economic growth but also pave the way for a cleaner and healthier environment for future generations.
