U.S. offers cash to Canadian critical minerals projects during Biden’s visit

Category: News

“There was a pot of gold at the end of President Joe Biden’s jaunt to Canada. It’s going to Canada’s mining sector. The U.S. military will deliver funds this spring to critical minerals projects in both the U.S. and Canada. The goal is to accelerate the development of a critical minerals industry on this continent. The context is the United States’ intensifying rivalry with China. The U.S. is desperate to reduce its reliance on its adversary for materials needed to power electric vehicles, electronics and many other products, and has set aside hundreds of millions of dollars under a program called the Defence Production Act.”


Read the entire article at https://www.cbc.ca/news/politics/critical-minerals-biden-trudeau-1.6790933



WRITTEN BY: Alexander Panetta


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