Tightens scrutiny on critical minerals investments
04 Jul 2024
On 4 July 2024, the Government of Canada published a Ministerial Statement on Net Benefit Reviews of Canadian Critical Minerals Companies.
The Statement clarifies that, under the Net Benefit Review regime of the Investment Canada Act, transactions involving foreign investors in "important Canadian mining companies engaged in significant critical minerals operations will only be found of net benefit in the most exceptional of circumstances".
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Type:
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Entry and establishment (Approval and admission)
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Industry:
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Primary (Mining and quarrying)
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Sources:
