Ottawa is finally getting ready to accept applications for a $1.5-billion infrastructure fund to support critical minerals mines, with stakeholders in Ontario’s Ring of Fire hoping they will be among the recipients.
Natural Resources Canada announced Tuesday that projects eligible to apply for the new Critical Minerals Infrastructure Fund include clean energy and transportation projects that support critical minerals mines. Eligible recipients include the private sector, the provinces and territories, and Indigenous groups.
CMIF is being set up because the federal government committed to the funding over seven years to support critical minerals infrastructure as part of its April, 2022, budget.
Funds will be made available for early stage projects that are still in the planning and engineering stage, as well as “shovel ready” projects that are nearing construction and have already been permitted. The government said it expects to start taking proposals in the late fall for shovel-ready projects.
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