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Post by
Jonot21 on Mar 18, 2022 12:56pm
FP/CP say Noront sees Ford unveil a new strategy
FP/CP say Noront sees Ford unveil a new strategy
2022-03-18 08:08 ET - In the News
The Financial Post reports in its Friday, March 18, edition that Ontario is seeking to attract more critical mineral development and investment to the province. A Canadian Press dispatch to the Post reports that Premier Doug Ford announced a critical minerals strategy Thursday, a five-year road map. Mr. Ford said his aim is to secure Ontario's place in the global supply chain. Ontario already produces $3.5-billion a year in critical minerals. The province is investing $24-million over three years in Ontario's Junior Exploration Program, including $12-million for a critical minerals stream, and $5-million over two years in a new critical minerals innovation fund. Currently, Ontario has approximately 130 early exploration projects targeting critical minerals and an additional 16 advanced-stage projects. Mr. Ford promised during the 2018 election to immediately develop the Ring of Fire. The Opposition New Democrats pointed out that has not happened. "The critical mineral industry, including the Ring of Fire, is too important to be just another one of Doug Ford's hollow election promises," Judith Monteith-Farrell, the NDP critic for natural resources and mines said in a statement Thursday
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