Northern miners say more federal support needed to deliver critical minerals plan
The strategy aims to accelerate strategic projects, build sustainable infrastructure, reduce duplication and make assessments more efficient. It also plans to promote climate action and environmental protection, as well as advance reconciliation with Indigenous peoples.
Brandon Macdonald is the chief executive officer and director of Fireweed Metals, which owns the zinc, lead and silver Macmillan Pass project and the tungsten Mactung project on the Yukon-N. W. T boundary.He said he’d like the government to extend flow-through tax credits as there is capital scarcity during the lengthy permitting process, as well as invest in infrastructure like roads, power grids, smelters and refineries.
“With increased resource nationalism around critical minerals, they’re going to want to keep more of these products in the country, or at least with close allies,” he said. “It requires a bit of a leap of faith on government supporting these critical mineral projects and pushing that project forward.”Osisko Metals Inc. plans to resurrect the N.W.T.’s former Pine Point mine as a zinc and lead project. Chief operating officer and director Jeff Hussey said incentives are welcome, as exploration can be risky and it takes a long time to develop mines while Canada has set emissions reduction targets for 2030 and 2050.
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