Canada Commits $2.6 Billion to Boost Critical Minerals Projects

Canada is moving closer to deploying around C$3.5 billion ($2.6 billion) in investments and programs to accelerate development of critical minerals deposits.

Energy Minister Tim Hodgson gave further details on the package on Tuesday, including C$44 million for upgrades to the Northwest Transmission Line in northern British Columbia, which is to help power Newmont Corp.’s Red Chris copper mine expansion. There’s also C$50 million for improvements to BC Hydro’s transmission system to provide more electricity to Teck Resources Ltd.’s copper operations.