Canada Backs 25 Critical Minerals Projects in G-7 Initiative

Rio Tinto Group and Nouveau Monde Graphite Inc. are among more than a dozen companies set to benefit from a Group of Seven initiative to strengthen access to critical minerals.

Canadian Prime Minister Mark Carney’s government announced 25 new investments, partnerships and measures totaling C$1.4 billion ($1 billion) at the Group of Seven energy ministers’ meeting in Toronto on Friday. The support is part of a G-7 initiative launched in June to focus on bolstering investments in raw materials key to defense, clean energy and advanced manufacturing.