Canada and US Make First Co-investment in Critical Minerals Producers

Canada and US Make First Co-investment in Critical Minerals Producers
Energy and Natural Resources Minister Jonathan Wilkinson speaks during a press conference at the National Press Theatre in Ottawa, on May 7, 2024. The Canadian Press/Sean Kilpatrick
The Canadian Press
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The Canadian and U.S. governments say they’re co-investing in critical mineral producers for the first time as they work to boost regional supplies.

Natural Resources Canada and the U.S. Department of Defense are together putting a total of about $32.5 million into Fortune Minerals Ltd., working on a project with bismuth and cobalt in the Northwest Territories, and Lomiko Metals Inc., focused on a graphite project in Quebec.