Budget commitments from
2021 and 2022 cover different aspects of the value chain, from exploration to processing and refining, through to more advanced products:
- $79.2 million for public geoscience and exploration to better assess and identify mineral deposits
- A 30% Critical Mineral Exploration Tax Credit for targeted critical minerals (i.e., nickel, lithium, cobalt, graphite, copper, rare-earth elements, vanadium, tellurium, gallium, scandium, titanium, magnesium, zinc, platinum group metals, and uranium)
- $47.7 million for targeted critical mineral R&D through Canada’s research labs
- $144.4 million for critical mineral research and development, and the deployment of technologies and materials to support critical mineral value chains
Geoscience recieving $79.2 million when we already know where valued deposits are - lol
R&D research labs recieving $47.7 million ?
Critical mineral research $ $144.4 million ?
= $271,130,000
could be redirected towards existing projects that have been waiting for years. ------------------------------------------------------------------------------------------------------------------------------
Federal support for regulatory processes will
reinforce partnerships and strive to ensure that meaningful participation and engagement occur throughout all phases of project approvals. Budget 2021 and 2022 proposed the following initiatives:
- $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, with prioritization given to manufacturing, processing, and recycling applications.
- $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 (CMCE) to develop federal policies and programs on critical minerals and to assist project developers in navigating regulatory processes and federal support measures.
$1.5 billion to support Strategic Innovation Funds
priortized.... i don't see junior explorers on this list.
Doesn't begin till - 2024 ( lol )
$40 million towards reglatory processes - aren't they already funded by Gov't ?
$21.5 million for critical minerals center of excellence ?
policy makers. Jeeze... all these fiunds and still... i'm not seeing anything for - junior resources.
Sounds like the funds are building an entire new industry.
Don't we already have one in place - wink. -----------------------------------------------------------------------------------------------
- Up to $1.5 billion for infrastructure development for critical mineral supply chains, with a focus on priority deposits, was proposed in Budget 2022.
- The ability to partner with the Canada Infrastructure Bank for revenue-generating infrastructure projects, particularly by drawing on their $5 billion clean power priority investment area and $5 billion trade and transportation priority investment area.
$1.5 billion was proposed - but... did it pass ?
And of course... the option to partner with Canadian Infastructure bank.
ha.
If i recall few years back... did the partnering funds require " stake " in the project it was funding ?
There wasn't any additional info on this subject... other than, 1/2 supplied by junior and 1/2 supplied by, stratigic funder. Question remains... is the funding or grants, none repayable, or,
do they require stake in the company, ownership upon dishing out hte grant funding ? Which does matter, especially when common shareholders are tied to the investment. ---------------------------------------------------------------------------------------------------------------------------------
$103.4 million was provided in Budget 2022 to advance economic reconciliation in the natural resource sector, including at least $25 million to support Indigenous participation in the Critical Minerals Strategy through early engagement and community capacity building
I can't help but think of, UNDRIP, and another topic that involves, passing through 5 indigenous
right of ways trying to link an Alberta pipeline to B.C.'s coast.
Gotta get that hydrogen to - europe. wink.
$103 million... and still, no significant monies thrown at current critical mineral projects. ------------------------------------------------------------------------------------------------------------------------------
Since January 2020, Canada has formalized bilateral cooperation with the U.S., the EU, and Japan, and is actively engaging with additional allies like Australia, the UK, and Korea. Canada needs to deliver on its growing number of bilateral commitments and engagements without compromising its ability to deliver on domestically focused programs and priorities.
The Strategy will work to ensure that international engagement activities related to critical minerals align with the Government of Canada’s strategic objectives. This includes strategic consideration of broader geopolitical and industrial priorities for Canada’s international engagements to advance secure critical minerals supply chains, including the consideration of any potential gaps and regional priorities.
There is growing interest to pursue collective action to secure critical mineral value chains across the globe. Canada is engaged in bilateral and multilateral cooperation on critical minerals with several international partners, including the United States, the European Union, and Japan. We are leveraging our international partnerships to align policies and regulatory approaches, improve global ESG standards, address technical challenges through joint R&D, and encourage new investment opportunities in Canada.
- $70 million for global partnerships to promote Canadian mining leadership, such as promoting ESG standards and supporting bilateral and multilateral critical minerals commitments, was proposed in Budget 2022.
- engage 7 allies.
- pursue - outside foreign funding - lol
- drop $70 million on promotions.
- and still... no monies directed at - junior resources.
- is it really about securing supply chains, or... strengthening allies to adopt this new strategy,
and invite new partners into Canada, hoping another wil lset shop up and invest ? One would think... .
Allocating a portion of these monies in just - one critical mineral project -
Then, standing back and saying - we did it on our own, without foreign invesment partner...lol ---------------------------------------------------------------------------------------------------------------------------------
IMAGE OF STRATEGY - https://www.canada.ca/content/dam/nrcan-rncan/site/critical-minerals/min%C3%A9raux%20critiques_EN-hires.jpg 1 - We know where the deposits are - we don't have the plants - they've been shut down
2 - We know how to extract them... we need permitting + enviromental green lighting
tailings should not trump rich grade deposits.
3 - we buy the chemicals which facilitates fast tracking of mineral processing.
4 - if funds were reallocated we could invest in own country - without foreign companies
5 - recycling batteries - self explanatory - but... i think we need a new model.
colder regions rely on fossil ( tried and true )
as one scales the latitude each climate region sees a different energy for vehicles.
canada's northern climates - diesel + gasoline usa mid rift - hydrogen
warmer climates - ev batteries https://www.canada.ca/en/campaign/critical-minerals-in-canada/canada-critical-minerals-strategy-discussion-paper.html
---------------------------------------------------------------------------------------------------------------------------------
The Government of Canada has released Budget 2022. Among its measures is up to C$3.8 billion (US$3 billion) to implement Canada’s first Critical Minerals Strategy to capitalize on a growing need for the minerals used in everything from phones to electric cars.
The Budget also allocates more than $3 billion (US$2.4 billion) in funding to make zero-emission vehicles more affordable and to build a national network of charging stations. This includes $1.7 billion over five years to extend the Incentives for Zero-Emission Vehicles program until March 2025 to help more Canadians get behind the wheel of zero-emission vehicles as well as $547.5 million over four years to launch a new purchase incentive program for medium- and heavy-duty ZEVs to help businesses upgrade their fleets.
i
don't see $6.8 billion.
So i will assume - the $3 billion is taken from the $3.8 billion ?
And... these funds are thrown at incentives - making vehicles more affordable.
Wow... can you imagine if these funds were throw at - critical mineral projects ? https://www.greencarcongress.com/2022/04/20220408-canada-cm.html
-------------------------------------------------------------------------------------------------------------------------------
HERE'S OUR CRITICAL MINERALS MAP - highlighting mines, advanced projects and processing faciklities.
It appears our country is in tune with the projects... all good.
But... where is the magnesium on this map ?
Can i assume one of the blue dots in lower B.C. is Driftwood ?
How about that yellow dot just below ?
Could that be - Tek Resources ?
Or... is that Braveheart ?
Haven't a clue. Appears - Ontario has been appointed as a work horse for - processing.
Gotta cater to the - Arrow EV car... wink.
What ever you do, don't research whose invested or has stakes in that car.
lol
Getting the picture ? Better understanding how the mineral industry is being restructured ?
Fund all new programs, focus on ev charge stations, ev cars along with lithium, graphite, nickel, copper, promote canada to foreign investors/partners.
My spidey sense says... wait for round 2.
when, usa takes a few bites out of canada's critical minerals, electricty, water, hydrogen.
wait for it. ( own opinion ) Cheers....