Amid growing objections from First Nations, Premier Doug Ford remains dead set on developing the Ring of Fire to fuel Ontario’s goal of becoming a major player in the EV industry. But three mining industry experts Queen’s Park Today spoke to said Ontario can become a major global EV hub without the Ring of Fire.
However, they said giving up on the project would be a drastic measure that could significantly set that goal back for a long time and would also have geopolitical implications. Geologist and mining consultant Jim Franklin helped Spider Resources — the company that discovered mineral deposits in the Ring of Fire while searching for diamonds — understand what they had found.
The Ring of Fire contains three main deposits, according to Franklin: one is a mixture of copper and zinc; the second, a very large and hard-to-extract chromite deposit; and a “significant” deposit of nickel and copper.
Although the nickel and copper deposit is “textbook” and of high quality, Franklin said it’s not the game-changer it’s being made out to be.
For the rest of this article: https://www.politicstoday.news/queens-park-today/ontario-doesnt-need-ring-of-fire-to-achieve-ev-ambitions-experts/