Minerals used in manufacturing batteries for electric vehicles, smartphones, pharmaceuticals and advanced manufacturing technologies
The Ontario government has invested $5.8 million to help junior mining companies explore for critical minerals used in manufacturing batteries for electric vehicles, smartphones, pharmaceuticals and advanced manufacturing technologies. to help increase and expand mineral exploration, growth and job creation in the province, particularly in northern and Indigenous communities.
“These investments are an important part of our government's plan to build our economy as we support industry exploration for the critical minerals Ontario is blessed with,” said Premier Doug Ford while visiting Saut Ste. Marie. “We’re building a supply chain ecosystem, connecting resources and workers in the north to the future of clean steel and electric vehicles, and ensuring the cars of the future can be built in Ontario from start to finish by Ontario workers.
Ontario is investing a total of $12 million over four years for critical mineral exploration in the OJEP. Since the launch of the program in 2021, 32 mining companies have received funding for exploration of minerals such as nickel, copper, cobalt and lithium. These companies have invested an additional $12.8 million in these projects.
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