Ontario Supporting Innovation in the Critical Minerals Sector
- In the global effort to secure critical minerals for thriving economies, Ontario is ready to provide for North America.
- The Critical Minerals Innovation Fund was created to support Ontario-based innovation that will help build the supply chain for electric vehicles, IT, aerospace and defence by connecting mineral resources in the north with the manufacturing might of the south.
- We are supporting the critical minerals sector by funding research, development, and commercialization projects to stimulate investments in Ontario’s critical minerals supply chain and protect the province’s economic interests.
- This fund will strengthen Ontario’s position as a global leader in supplying critical minerals to grow the economy, create good paying jobs and connect resources for future clean technology such as electric and hybrid vehicles.
- The goals of the fund are to help increase exploration, development, mining, production, and processing of critical minerals within Ontario, and to enhance collaboration between industry, academia, start-ups, and research and development firms.