Ottawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on.
Industry Minister François-Philippe Champagne said that following a “multi-step national security review process,” the government has asked Sinomine Rare Metals Resources Co., Chengze Lithium International Ltd. and Zangge Mining Investment Co. to divest from Canada’s Power Metals Corp., Lithium Chile Inc. and Ultra Lithium Inc., respectively.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Calgary-based Lithium Chile said “it was reviewing the options and potential outcomes of the order with Chengze.” Lithium Chile said the investments by Chengze in 2022 followed ICA policies and were approved by the TSX Venture Exchange.
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