Canada invests in Critical Minerals Strategy

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The Government of Canada is creating the Canada Growth Fund which will be a new public investment vehicle that will operate at arms-length from the federal government. The fund will initially be capitalized at $15 billion over the next five years to attract substantial private sector investment to help meet important national economic policy goals. Up to $3.8 billion over eight years will go to support the implementation of Canada’s first Critical Minerals Strategy which would include geoscience and exploration programs and doubling the Mineral Exploration Tax Credit for targeted critical minerals, such as nickel, copper, cobalt, rare earths elements and uranium.

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