Canada Invests $3.6 Billion to Strengthen Critical Minerals Sector

The Government of Canada has announced more than $3.6 billion in new investments aimed at expanding the country’s critical minerals sector and strengthening its economic and national security.

The announcement was made by during the . The initiative is designed to support the development of Canada’s mineral resources and build a complete supply chain from mining to manufacturing.

Canada currently produces over 60 minerals and metals from more than 200 operating mines across the country. By investing in infrastructure, innovation and industry partnerships, the government aims to expand production, create jobs and support resource-based communities.

As part of the initiative, the government will allocate up to $165.2 million to support 22 critical mineral projects across eight provinces. These projects are expected to unlock more than $434 million in additional private investment, accelerating the development and processing of key minerals.

A major component of the investment plan is the launch of the First and Last Mile Fund, backed by $1.5 billion in federal funding. The program will finance essential infrastructure such as roads, transmission lines and transportation routes to help move minerals from mine sites to markets efficiently.

The government also highlighted the upcoming $2 billion Critical Minerals Sovereign Fund, which will provide strategic investments, loan guarantees and supply agreements to help mining projects reach final investment decisions faster.

To simplify regulatory processes, the government introduced a new online tool called the Mine Permit Navigator, which will guide companies through federal permits and approvals as Canada works toward a streamlined “One Project, One Review” system.

Officials say these investments will strengthen Canada’s position as a global leader in responsible mining while supporting industries such as defence, automotive manufacturing and clean energy.

According to government data, the minerals and metals sector currently employs more than 724,000 people across Canada, with average annual compensation significantly higher than the national average.