Cbc
Canada to Receive $16 Million to Process Rare Element
Government Unveils Strategy to Boost Critical Mineral Production
Saskatchewan Set to Benefit from Federal Funding
In a significant development, Saskatchewan is set to receive $16 million from the federal government to process a rare element. This funding is part of a broader strategy unveiled by Canada to ramp up production and processing of critical minerals vital to powering electric vehicles.
The federal budget includes an investment of at least $2 billion for the strategy, which aims to accelerate the production and processing of critical minerals. Canada has emerged as a potential superpower in mining these minerals, which are essential for clean energy technologies like electric vehicles and wind turbines.
Ottawa has identified six critical minerals key to these industries: lithium, graphite, nickel, cobalt, copper, and rare earth elements. The government is focusing on securing these minerals to support Canada's transition to a clean energy economy and position the country as a leader in the global supply chain.
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