Critical Minerals Act
Critical minerals (lithium, nickel, cobalt, rare earths) are essential for EVs, batteries, semiconductors. Canada has resources but slow approval timelines; the bill aims to compete with U.S. Inflation Reduction Act incentives.
Status
Summary
Establishes a federal framework for accelerating critical-mineral extraction, processing, and supply-chain partnerships with allies. Streamlines environmental assessments for projects deemed strategically important.
Sponsored by
François-Philippe ChampagneLIBERALOfficial source
Read full text on Parliament of Canada



