Ottawa has announced stricter guidelines on foreign investments in Canada’s mining sector, particularly for firms involved in critical minerals operations. The move comes amid rising concerns about the national security risks that arise from such investments in the sector.
In a July 4 statement, Innovation Minister François-Philippe Champagne announced that from now on, proposed foreign investments will only be deemed to have a net benefit “in the most exceptional of circumstances.” He said that setting this “high bar” reflects the strategic importance of Canada’s critical minerals sector and the government’s commitment to its protection.
