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Ontario’s new $3.1-billion plan for a critical minerals supply chain created in partnership with First Nations is raising concerns about weakened environmental protections and inadequate Indigenous consultation.
Announced Wednesday, the provincial initiative will create a “made-in-Ontario” supply chain and boost First Nations equity, according to the government. But critics say environmental protections and First Nations consultation will be sidelined in the rush to develop the Ring of Fire — a vast region about 500 kilometres northeast of Thunder Bay.
The new provincial funding includes $3 billion in loan guarantees through an expanded First Nations Opportunities Financing Program, $70 million over four years to strengthen First Nations capacity in mining-related regulatory processes, and $10 million in scholarships for First Nations students pursuing careers in resource development.
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