January 3, 2024
Canada is the world leader in financing mineral exploration across the planet. It’s just that about 57 per cent of that money, or $10.5 billion in 2022, was invested abroad, David Olive writes.
It’s commonly assumed in Canada that we are laggards at critical mineral production.
There are a couple of new approaches we could take in helping the world ease its critical mineral shortages.
They are a new continental “corridor” extending from Canada to Chile of critical mineral producers that share common values.
And second, we need a new model of financing the junior mining companies that make up most of Canada’s mining sector, account for most mine discoveries — and are starved for capital.