Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - QMC Quantum Minerals Corp., (TSXV: QMC) (FSE: 3LQ) (OTC Pink: QMCQF) ("QMC" or "the Company") is encouraged by the recently announced 2023 Canadian Federal Budget ("Federal Budget") and its endorsement of investment in the green economy. The Federal Budget features multiple measures aimed at combatting climate change, transforming the nation's economy and fostering the development of future net-zero industries. The latest federal measures include investment tax credits, low-cost strategic financing, and targeted investments and programs to address the distinct requirements of industries or projects with national economic importance. Of particular importance to the Company is the newly introduced Investment Tax Credit for Clean Technology Manufacturing, estimated to cost CAD $11.1 billion over a 12-year period.
The Federal Budget builds on last week's meeting between Canadian Prime Minister Justin Trudeau and United States President Joe Biden, reaffirming that Canada and the United States will work together to create a strong, environmentally responsible, and resilient North American critical mineral supply chain. Through the Canadian Critical Minerals Infrastructure Fund, CAD $1.5 billion will be made available to support clean energy and transportation infrastructure projects necessary to accelerate critical minerals production. An additional CAD $1.5 billion will be made available through the Strategic Innovation Fund to support advanced manufacturing, processing, and recycling.