2022 Budget Critical Mineral Support Highlights: 2022 Budget Critical Mineral Support Highlights:
C$1.5 billion to invest in new Critical Minerals projects, with priorities for mineral processing, materials manufacturing, and recycling for key mineral and metal products in the battery and rare-earths supply chains;
C$80 million for public geoscience and exploration programs to help find the next generation of Critical Minerals deposits;
Doubling of the Mineral Exploration Tax Credit ("METC") for targeted Critical Minerals, including nickel, copper, cobalt, rare earths and uranium;
C$1.5 billion for infrastructure investments to unlock new mineral projects in key regions;
C$144 million for research and development to support responsible extraction and processing of Critical Minerals;
C$10 million renewal for the Centre of Excellence on Critical Minerals for three additional years;
C$40 million to support northern regulatory processes to review and permit Critical Minerals projects;
C$70 million for global partnerships to promote Canadian mining leadership;
C$15 billion to support the Canada Growth Fund to restructure supply chains in areas important to Canada's future prosperity including the natural resources sector.