Ottawa\u0027s funding for Canadian miners is part of a larger effort to shift the battery supply chain away from China. Read more.
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The federal investment represents the “first wave” of about $200 million in funding that the government plans to make towards the research and development of critical minerals projects, the Natural Resources Department said in statement on March 7.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
“If the restriction on Chinese investment in Canadian mining companies was the ‘stick’, tangible direct investments like this represents the first of what I expect to be many ‘carrots’ for innovative, low-carbon Canadian projects like FPX’s Baptiste Nickel project,” Turenne, whose company received $724,871, said in an email.
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