News Summary

The Ontario government has officially launched the $500 million Critical Minerals Processing Fund (CMPF) aimed at enhancing the province’s processing capacity for critical minerals. This initiative is expected to boost Ontario’s manufacturing competitiveness and create a complete, made-in-Ontario critical minerals supply chain. The CMPF will provide strategic financial support to projects that expand and refine processing operations, ensuring that domestically mined materials move through in-province supply chains. This move is part of Ontario’s broader strategy to strengthen its position as a global leader in critical minerals amidst growing international demand and trade uncertainties. The fund aims to support strategic sectors such as electric vehicles, battery manufacturing, technology, aerospace, and advanced manufacturing, while also creating jobs and reinforcing domestic supply chains against potential trade tariffs.