The Prospector News

Strengthening global electric vehicle supply chains with Canadian resources

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Strengthening global electric vehicle supply chains with Canadian resources

 

 

 

 

 

From mining, to manufacturing, to charging, Canadian businesses and workers are attracting historic investments in the electric vehicle supply chain. When electric vehicles are made from Canadian minerals, assembled by Canadian auto workers, and powered at Canadian-made chargers, we secure and create jobs, grow our economy, and keep our air clean now and into the future.

 

The Prime Minister, Justin Trudeau, met with workers at the Saskatoon facility of Vital Metals, Canada’s first rare earths producer. Rare earth elements are a critical mineral used in clean technology like electric vehicles and wind turbines. The Government of Canada recently announced $5 million in funding to help establish processing and production at this facility, part of a series of federal investments to support jobs and the growth of Canada’s critical minerals sector.

 

Critical minerals are the building blocks of the clean economy and are in increasing demand globally. Canada’s first Critical Minerals Strategy, released in December 2022, is a roadmap to make Canada a global supplier of choice for critical minerals.

 

Canadian workers and businesses are already leading on clean energy and technology, and the components that go into it. As demand continues to grow, positioning Canada as a reliable supplier will create even more Canadian jobs, grow our economy, and cut pollution to help fight climate change.

 

Quote

 

“The world wants clean technology, and Canada has the resources, the expertise, and the skilled workers to meet that demand. By developing and processing our critical minerals here in Canada – the first step in the clean technology supply chain – we can create good middle-class jobs all while keeping our air clean for generations to come.”

— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

 

Quick Facts

  • Critical minerals are central to major global industries like clean technology, health care, aerospace, and computing. They are used in solar panels, phones, and computers, and are vital to produce electric vehicles. Permanent magnets and rare earth elements are important inputs into electric vehicle motors and many clean technology applications.
  • Canada’s Critical Minerals Strategy is backed by up to $3.8 billion in federal support, announced in Budget 2022. The proposed funding covers the whole critical minerals supply chain, from geoscience and exploration to mineral processing, manufacturing, and recycling applications, including support for research, development, and technological deployment.
  • Saskatchewan is a Canadian leader in producing sustainable critical minerals, with a rich supply of uranium. The world’s largest producer of potash, the province is home to the world’s most sustainable potash mine.
  • Recent federal investments in the development of critical minerals include a contribution of up to $222 million through the Strategic Innovation Fund to help Rio Tinto Fer et Titane to increase its production of critical minerals and a $27 million contribution to E3 Lithium Ltd. through the Strategic Innovation Fund’s Net Zero Accelerator initiative.
  • Canada currently produces 60 minerals and metals at 200 mines.
  • Vital Metals is Canada’s first rare earths miner. The company crushes and sorts ore at the Nechalacho mine in the Northwest Territories, before sending the ore to the Saskatoon rare earths extraction plant.

 

Posted January 17, 2023

Share this news article

MORE or "UNCATEGORIZED"


Kapa Gold Announces Closing of Second and Final Tranche of Private Placement

KAPA GOLD INC. (TSX-V: KAPA) is pleased to announce that, further... READ MORE

July 20, 2026

Evolve Royalties Secures Revolving Credit Facility for Up to US$75 Million

Evolve Royalties Ltd. (CSE: EVR) (OTCQX: EVRYF) is pleased to ann... READ MORE

July 20, 2026

Seabridge Gold Arranges US$100M Credit Facility to Support Ongoing Activities at KSM

Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) has executed an unsec... READ MORE

July 20, 2026

Eastport Critical Metals Confirms Extensive Copper Mineralisation at Flagship Matsitama Copper Project with Multiple Intercepts Exceeding 100 Metres

Phase One infill drilling has successfully confirmed the continui... READ MORE

July 20, 2026

Awalé Hits 43.7 g/t Gold Equivalent Below the BBM Open Pit with Initial Deeper Holes Pointing to Underground Growth

Highlights The first two holes drilled below the BBM open pit int... READ MORE

July 20, 2026

Copyright 2026 The Prospector News