Ontario Investing $500 Million in Critical Minerals Processing

May 29, 2025

• As part of our government’s plan to protect Ontario, we are taking bold action to harness the value of critical minerals as a key driver of our long-term prosperity.
• The Critical Minerals Processing Fund will provide strategic financial support to projects that accelerate the province’s critical minerals processing capacity and ensure that minerals mined in Ontario will be processed in Ontario by Ontario workers.
• In an increasingly volatile global market, our new $500 million fund will help Ontario meet international demand for critical minerals as a stable, reliable trading partner.
• Processing critical minerals mined in Ontario will also help protect local jobs in key manufacturing sectors like the auto industry by connecting northern resources with state-of-the-art production facilities in the south, while ensuring Indigenous communities benefit as well.
• This funding complements our government’s ongoing efforts to unlock Ontario’s critical minerals in the Ring of Fire and elsewhere to help protect workers and economy from the impact of tariffs and economic uncertainty.