Did you know that Canada currently produces 60 minerals and metals at 200 mines and 6,500 sand, gravel and stone quarries across the country? Our country is home to almost half of the world’s publicly listed mining and mineral exploration companies, with a presence in more than 100 countries and a combined market capitalization of $520 billion.
Critical minerals are essential inputs for renewable energy and clean technology applications, such as advanced batteries, permanent magnets, solar panels, wind turbines, and small modular reactors, as well as advanced manufacturing applications, including defence and security technologies, semiconductors and consumer electronics, and critical infrastructure.
Simply put, there is no energy transition without critical minerals, and this is why critical mineral supply chain resilience is an increasing priority for advanced economies.It is in this context that the Government of Canada views the development of our critical minerals value chain as a generational opportunity for our country. Every stage of the critical minerals value chain presents an opportunity: exploration, mining, processing, manufacturing and advanced manufacturing, and recycling. Moreover, these opportunities exist in every region of Canada.
On June 14, The Honourable Jonathan Wilkinson, Canada’s Minister of Natural Resources, released the Government of Canada’s Discussion Paper to inform Canada’s Critical Minerals Strategy. The purpose of the paper is to solicit views on the Government’s approach to achieving the strategy’s objectives.
The Strategy will complement the pan-Canadian vision, principles, and strategic directions of the Canadian Minerals and Metals Plan (CMMP), developed with provinces and territories, industry, and Indigenous business representatives working to build a stronger, more competitive mining sector.
This Discussion Paper seeks input from provinces and territories, Indigenous Peoples, industry and interested stakeholders, guided by five key outcomes:
- economic growth and competitiveness;
- environmental protection and climate action;
- enhanced security and partnership with allies;
- advancing reconciliation; and,
- advancing diversity and inclusion.
Anyone interested in submitting comments on the Canadian Critical Minerals Strategy Discussion Paper may do so by email no later than September 15, 2022 to Natural Resources Canada’s Critical Minerals Centre of Excellence at [email protected]. The final Strategy will be published in Fall 2022.