As outlined in the Discussion Paper, the federal government aims to implement the following six focuses in the Strategy.
Drive Research, Innovation, and Exploration
The federal government will build upon private sector investments and utilize the initiatives of Budget 2021 and 2022 to bolster various aspects of the critical minerals value chain, including:
- $79.2 million for public geoscience and exploration;
- 30% Critical Mineral Exploration Tax Credit;
- $47.7 million for targeted critical mineral R&D through Canada’s research labs; and
- $144.4 million for critical mineral R&D, and the deployment of technologies and minerals to support value chains.
Accelerate Project Development
Through aligning with provincial and territorial partners, in addition to leveraging existing resources, expertise, and programs, the federal government will accelerate the expansion of strategic mineral mining, processing, manufacturing, and recycling. Supports from Budget 2021 and 2022 to achieve this include:
- $1.5 billion ($1 billion in new funding, $500 million from existing funds) over six years, starting in 2024–25, for the Strategic Innovation Fund to support critical minerals projects;
- $40 million to support northern regulatory processes in reviewing and permitting critical minerals projects; and
- $21.5 million to support the Critical Minerals Centre of Excellence to develop federal policies and programs, and to assist project developers in navigating regulatory and federal support measures.
Build Sustainable Infrastructure
To meet the pressing demand for Canada’s critical minerals, infrastructure must be readily available and capable to navigate the country’s difficult terrain. Strategic investments to help solve the current infrastructure constraints include:
- Up to $1.5 billion in Budget 2022; and
- A partnership with the Canada Infrastructure Bank that will draw on their $5 billion clean power priority investment and $5 billion in trade and transportation investment.
Advance Indigenous Reconciliation
Canada’s Critical Minerals Strategy will have meaningful engagement, partnership collaboration, and inclusion of Indigenous peoples that will be informed by the United Nations Declaration on the Rights of Indigenous Peoples and the development of a National Benefits-Sharing Framework. Budget 2022 will provide additional supports to this through a $103.4 million investment to advance economic reconciliation in the natural resource sector, which includes a minimum of $25 million to support Indigenous participation in the Critical Minerals Strategy through early engagement and community capacity building.
Grow A Diverse Workforce and Prosperous Communities
Developing Canada’s Critical Minerals Strategy and associated value chain will create new economic opportunities across Canada. In order to create a diverse workforce and prosperous communities, NRCan will leverage federal skills and training initiatives to help the workforce grow and meet the demand driven by developing the domestic critical minerals industry.
Strengthen Global Leadership and Security
In order to strengthen its global position in the critical minerals industry, Canada has formalized bilateral cooperation agreements with the US, EU, and Japan, as well as currently is in the process of engaging with additional allies. Global partnerships that promote Canada’s mining leadership will be strengthened from a $70 million investment in Budget 2022.