Province backs mining innovation fund for 3 more years

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Ontario pledges $5 million per year for the next three years to spur innovation and research into the introduction of battery electric vehicles in the mining sector

Ontario's recently announced $214-billion provincial budget gave a little nod to the province’s mining industry with continued funding over three years for the Critical Minerals Innovation Fund .

The new funding announced last Thursday will see an additional $5 million per year in 2024-25, in 2025-26 and in 2026-27 to help Ontario’s mining sector continue the research, development and commercialization of innovative technologies, including techniques, processes and solutions related to critical minerals. This includes funding projects in Sudbury.

 

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