'Smoke and mirrors': Northern miners call for more support for critical minerals - BNN Bloomberg

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'Smoke and mirrors': Northern miners call for more support for critical minerals - BNN Bloomberg
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Mining companies with projects in the North say more federal support is needed following the release of Canada's new critical minerals strategy, while some environmental advocates are wary of the potential impacts.

Mining companies with projects in the North say more federal support is needed following the release of Canada's new critical minerals strategy, while some environmental advocates are wary of the potential impacts.

Goad believes support should be focused on advanced projects that can quickly transition into production like the Nico mine, as well as processing. He said once the company secures financing, it could begin production within three years. 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.

"The sooner the better and the more encouragement the better, but I think we're off to a good start," he said.

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