Canadian critical mineral shares fall on concern after tighter M&A announcement

Toronto Stock Exchange News

Canadian critical mineral shares fall on concern after tighter M&A announcement
Teck ResourcesIvanhoe MinesCanadian Companies
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Shares of Canadian companies that mine critical minerals such as copper and uranium fell on the Toronto Stock Exchange (TSX)on Monday as investors assessed...

TORONTO - Shares of Canadian companies that mine critical mineral s such as copper and uranium fell on the Toronto Stock Exchange on Monday as investors assessed the potential impact of Canada 's announcement last week that it would restrict large mergers and acquisitions in critical mineral s.

Champagne said the ministry would set a high bar for clearing future deals involving large Canadian companies in the critical minerals sector, reflecting the strategic importance of critical minerals and the need for Canada to protect its interests. In the last two years, Canada has asked Chinese investors to divest from Canadian critical mining companies after a national security review, signaling that investments from certain countries such as China will come under tougher scrutiny.

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