Ottawa’s own policies defeat its critical minerals push CanadiansInvest
Trudeau government policies actively and aggressively discourage strategic minerals development
Federal Natural Resources Minister Jonathan Wilkinson admitted that new mine permitting, review, approval and development time nearly always takes at least 10 years and could easily extend to 20 or 25. Furthermore, Ottawa’s proposed changes for more scrutiny of foreign involvement in proposed mines mean more delays and uncertainties, with projects potentially blocked.
Mining exploration firms first seek to establish a Mineral Resource Estimate using drilling results and some ore body modelling. Then, assuming receipt of enough funds from speculative investors, they drill further – to create an industry-standard Preliminary Economic Assessment. More drilling, time, and cash follow to accumulate more data and refine the ore body model to create a Bankable Feasibility Study.
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