Canada Offers Unmatched Investment-Ready Critical Mineral Projects
Resource-rich, ESG-focused and incomparably de-risked: Canada is attracting the smart money in global critical mineral investment.
Critical minerals are the foundation for our modern society and they are essential elements in the energy transition to a low-carbon economy. As global demand for critical minerals rapidly increases, Canada has what the world needs.
STABLE AND SUSTAINABLE INVESTMENT CLIMATE
To tap into these resource opportunities, massive investment in the production and processing segments of the critical minerals supply chain is required. Critical mineral projects abound in Canada, and global companies will find excellent opportunities for sustainable, profitable investments in a politically and economically stable business environment.
Canada ranks among the top countries in the world for sustainable mining, thanks to its unique environmental, social and governance (ESG) advantages. This highlights why leading global ESG-conscious investors look towards Canada as a global leader in the mineral and metal sector. In total, more than 60 minerals and metals are produced from over 200 mines in Canada.
CRITICAL MINERALS PROJECTS THROUGHOUT CANADA
From coast to coast to coast, Canada boasts an abundance of critical mineral opportunities, including top 10 global production of nickel, cobalt and graphite. Copper projects can be found in western and northern Canada – including British Columbia, Saskatchewan and Yukon Territory. Lithium opportunities are springing up in Alberta and in Québec, both key provinces in the development of lithium-ion batteries. In Ontario, new nickel deposits have been discovered while new graphite projects are under development in Québec. And on Canada’s east coast, New Brunswick has opportunities for manganese development. Many of these projects are located in areas of the country with a long history of mining and a highly skilled local workforce.
STRATEGIC INCENTIVES FOR MINING
Investors can access a variety of incentives and support from Canada’s federal, provincial and territorial governments. Government of Canada incentives to foster investment in critical mineral projects include:
-
the $4 billion Critical Minerals Strategy
-
a $1.5 billion Critical Minerals Infrastructure Fund
-
investment tax credits of 30% for exploration activities
-
30% tax credits for equipment to extract and process critical minerals for clean technology manufacturing.
These and other incentives help make Canada one of the top two countries in the world for green energy investment attractiveness.*
GLOBAL BATTERY SUPPLY CHAIN INVESTMENTS
Some of the world’s largest companies are part of a multi-billion-dollar flurry of investments into the EV battery supply chain. Since 2022, global companies have committed more than 20 billion dollars to Canada. Global automotive brands such as General Motors, Ford and Stellantis have all announced massive investments in the EV battery supply chain in Canada. Leading-edge companies such as Volkswagen of Germany, Umicore of Belgium and Northvolt of Sweden are making their first North American investments in Canada.
These investments include many gigafactories for cathode active materials, for precursors and for the manufacturing of batteries themselves. BloombergNEF ranks Canada number 1 in the world for the EV battery supply chain. And Canada is one of the most mining-friendly countries in the world, according to several global rankings.
The case for investing in critical minerals in Canada is clear. The time for investment is now.
###
If you are interested in making significant direct investment in Canada’s largest and most attractive investment-ready critical mineral projects, please contact Invest in Canada at mineral@invcanada.ca for more information.
*Source: Canada becomes global leader in green energy incentives, boosting project value by as much as 50%, Rystad Energy, press release, April 25, 2023