March 2, 2026 Toronto, Ontario Natural Resources Canada
Canada has what the world wants, and we are stepping up as a trusted partner in critical minerals production. Defence and clean technology supply chains depend on stable access to mineral supply, yet markets are increasingly shaped by concentration and geopolitical risks. In this environment, Canada is being looked to not only as a resource superpower but as a supplier that brings stability, sustainability and transparency to markets.
Today, during the Canadian Critical Minerals Forum at the 2026 Prospectors & Developers Association of Canada (PDAC) Convention, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, joined industry and international partners to announce the second round of 30 partnerships and investments under the Critical Minerals Production Alliance (the Alliance).
Launched by Prime Minister Carney during Canada's 2025 G7 Presidency, the Alliance transforms shared ambition into concrete action. This second round of new partnerships and investments will unlock $12.1 billion in critical minerals projects with 12 allied partners. Combined with the investments and partnerships announced in October 2025, the Alliance is now helping to mobilize $18.5 billion in Canadian critical minerals projects. These actions will strengthen supply chains, support economic growth and reduce strategic vulnerabilities in Canada and abroad.
During PDAC, Minister Hodgson also highlighted up to $64.8 million for research and development projects with international partners, as well as $10 million to support developing countries in benefiting from the global energy and digital transition.
Canada's work with international partners is a testament to our reputation as a reliable place to do business, a premier investment destination and a trusted ally in mining and processing. By building supply with allies, coordinating investment and aligning standards, Canada is helping ensure the materials that underpin modern economies and national security remain accessible, responsibly produced and secure. This work reduces vulnerabilities for Canada and its partners while creating long-term value and high-quality jobs at home.
