On February 11, 2025, the Canadian government announced a $43.5 million investment to enhance its energy policy related to critical minerals, with a focus on infrastructure development and research in Quebec. The funding aims to fortify Canada’s energy and industrial sovereignty amid growing global demand for strategic resources.

A significant portion of the investment, $39.8 million, will be directed toward energy and transportation infrastructure projects to support critical minerals extraction. Critical Elements Lithium Corporation will receive $20 million for the construction of a new electrical station and the relocation of a 4.2-kilometer transmission line to power its Rose Lithium-Tantalum project. Additionally, Dumont Nickel and Sayona Nord Inc. will receive funding for feasibility studies and infrastructure development to support their nickel, cobalt, and lithium projects.

Furthermore, $13.5 million will be allocated to Eskan Company, an Indigenous-owned business, to evaluate road extensions for lithium mining projects, while Cbay Minerals Inc. will receive $1.3 million to conduct feasibility studies for road and power line construction. Commerce Resources will also receive funding for the feasibility study of a 1,760-kilometer road connecting its Ashram rare earths project.

In addition to infrastructure, $3.7 million will be invested in the Critical Minerals Research, Development, and Demonstration (CMRDD) program. One of the beneficiaries, COALIA, will test innovative technologies to improve lithium extraction processes.

This investment is part of the Quebec-Canada Collaboration Table on Energy and Resources, aimed at optimizing the development of Canada’s critical minerals sector and reinforcing its competitive edge in the global market.

Source: energynews.pro