The Ontario government announced it is investing more than $7 million to launch a new intake of the Critical Minerals Innovation Fund (CMIF) to help stimulate investment in critical minerals exploration, mining development, production and processing of domestically sourced critical minerals.In a press statement on July 23, the Ontario government said this funding aims to build more secure supply chains and “reduce reliance on foreign sources of critical minerals in the face of economic uncertainty from U.S. tariffs.”“With global demand for critical minerals soaring – and new U.S. tariffs targeting Canada’s mining and manufacturing sectors – Ontario is taking action to accelerate growth and innovation in Ontario’s mining sector,” said Stephen Lecce, Minister of Energy and Mines. “Through the Critical Minerals Innovation Fund, we are putting Ontario first, building a made-in-Canada supply chain that attracts investment and creates good-paying jobs here at home.”With the new call for applications open from July 23, 2025, to October 1, 2025, the fund will help accelerate the research, development and commercialization of made-in-Ontario technologies in Ontario’s mining sector by supporting projects in four priority areas:Innovative techniques for deep exploration and miningRecovery of mineralsBattery supply chainMining innovationThe Ontario government said this investment builds on the $20 million invested through the CMIF since its launch in November 2022, supporting more than 29 Ontario-based projects. (ICE TORONTO)

Fonte notizia: https://www.plant.ca/