June 27, 2023 · Happy Valley-Goose Bay, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
Newfoundland and Labrador's growing mining industry is moving Atlantic Canada's economy towards a more prosperous future. Critical minerals are essential to many renewable energy and clean technology applications and are vital to enhancing Canada's global competitiveness and building a green and digital economy. That is why the Government of Canada is investing in the mining sector, to help meet an increasing global demand for critical minerals.
Federal investment in mining helps green supply chain
Today, Yvonne Jones, Member of Parliament for Labrador, announced an investment of $1.25 million to Tacora Resources Inc. to assist with the research and planning of a manganese processing operation. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.
Manganese is one of 24 critical minerals found in Newfoundland and Labrador. With this Government of Canada investment, Tacora will research and plan the feasibility of a potential Manganese Sulfate Purification Plant to process the company's manganese stockpile. The company currently uses Manganese Reduction Circuits (MRC) which remove manganese and silica from their products, resulting in a higher grade iron ore. The goals of this investment are to assess the mineral processing technology to be deployed at a new plant which will be built near the Scully Mine site in Wabush, while helping to meet Canada's need for manganese.
Atlantic Canada is poised for exponential growth with a recent report by the Public Policy Forum stating that the region's economy is bustling. Today's announcement highlights the Government of Canada's commitment to strenghtening the mining industry, one of Atlantic Canada's most important economic sectors and an essential part of transitioning to a greener economy.
