Investments focused on construction of enabling and supporting infrastructure needed to unlock critical minerals mining operations and exploration.
The CIB’s Critical Minerals investments will facilitate the construction of enabling and supporting infrastructure like access roads, clean power generation and transmission along with wastewater management facilities in remote areas of Canada. The investments would unlock critical mineral development and support economic development.
Our investments will be designed to address risks which impact the ability of mining companies to raise sufficient pre-mine construction financing.
Benefits of CIB involvement
The low-cost investments are designed to address risks that weigh on the ability to raise sufficient pre-mine construction financing.
- Collaborate with government, Indigenous partners, private investors to build enabling infrastructure
- Address challenges companies face raising sufficient project financing
- Help Canada become one of the world’s leading producers of critical minerals
Integral to the development of various clean technologies, critical minerals present generational economic opportunities for Canada. The federal government is committed to unlocking these opportunities through investments at every step of the value chain. Building on Canada’s Critical Minerals Strategy, which includes $1.5 billion for infrastructure, the CIB will play a complementary role in these efforts by supporting important infrastructure projects like roads, utilities, water treatment facilities and more. Through these investments, we are positioning Canada to be the global supplier of choice for critical minerals and the clean technologies that they enable.
Infrastructure, like roads, ports, access to the electrical grid and internet access, are all key components to ensuring Canada’s mining sector is able to supply the critical minerals and metals integral to the technologies that will enable the global energy transition. Greater investments in infrastructure development are essential, to advance both our industry and improve the quality of life for those living in Canada’s remote, Indigenous and northern communities, and the CIB’s Critical Minerals investments will bring much needed supports for our sector.