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Critical Minerals & Mining

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Industries · Critical Minerals

Critical Minerals & Mining

NRCan open data, 160 active sites. Canada's position as the allied alternative to China-concentrated critical mineral supply chains.

Overview

The Canadian Mining Intelligence Map

Explore the Canadian Mining Intelligence Map →

Active mines, projects, and processing facilities, filterable by mineral, type, and province. Permitting status, processing capacity, and Indigenous partnership data all live alongside it.

160 active sites

Sanctions Screener → · Tariff & Trade Lookup → · Field Guide →

Why Canada

The geological case

Total mining & metals sector GDP, 2023
$117B
Of which, critical minerals specifically
$40B
Global uranium producer
#2
Designated critical minerals
31
Uranium

Athabasca Basin: ore grades 10 to 100x higher than any other deposit globally. Full profile in the Field Guide →

Lithium

Quebec spodumene belt and NWT brine potential, one of the largest hard-rock lithium resources in the Americas. Full profile →

Cobalt

Ontario's Cobalt Belt: one of the only North American facilities producing battery-grade cobalt sulphate outside China. Full profile →

Rare earths

Separation Rapids and Nechalacho: Canada's first rare earth mine in production. No dedicated rare-earth entry in the Field Guide yet, worth adding.

Export destinations & import exposure · 2024

Where minerals go, what comes back

Top export markets

United States
75.4%
European Union
7.9%
United Kingdom
3.1%
Japan
2.3%
China
2.1%
India
1.2%

A 75% share to one buyer is the concentration Ottawa is actively working to reduce over the next several years. For exporters, that's the opportunity, not just the risk.

What Canada imports

Top imports
Processed battery materials (lithium hydroxide, cobalt sulphate), rare earth compounds, and semiconductor-grade metals.
Top sources
China (roughly 80% of processed critical minerals globally), South Korea (battery cells), Japan (specialty alloys).
Current exposure
China controls roughly 60% of global rare earth processing and has restricted gallium, germanium, and graphite exports since 2023.

Uranium production, global share, 2024

Kazakhstan
43%
Canada
15%
Namibia
11%
Uzbekistan
8%
Russia
6%
Australia
5%

Source: World Nuclear Association, 2024.

International footprint

Canadian mining companies operating abroad

CompanyKey international assetsExchange
Barrick GoldNevada, Tanzania, Papua New Guinea, Dominican RepublicTSX/NYSE: ABX
Kinross GoldMauritania, Chile, Alaska, NevadaTSX/NYSE: K
Lundin MiningDRC (copper/cobalt), Chile, Portugal, MichiganTSX: LUN
Hudbay MineralsPeru, Arizona, ManitobaTSX/NYSE: HBM
Teck ResourcesChile, AlbertaTSX: TECK
First Quantum MineralsZambia (nationalisation risk), Panama (Cobre Panama suspended, 2023)TSX: FM

First Quantum's Cobre Panama suspension, one of the world's largest copper mines shut by government decree, remains the reference case for Canadian mining political risk. A candidate for the international-operations layer on the map above.

Competitive position · 2025

Canada vs. peer producers

CountryFTAsUraniumRare earthsESGRule of law
Canada15 FTAs, 51 countries#2 globalSignificantAAATop 10
Australia18 FTAsMinor#4 globalAAATop 10
Chile32 FTAsNoneMinimalBB+Mid-tier
DRCFewNoneMinimalHigh riskBottom 20%

Canada's combination of rule of law, ESG credentials, FTA network, and uranium output positions it as the preferred alternative supplier for allied nations diversifying away from China and higher-risk producers.

Sector-specific regulation

Regulatory environment & government programmes

Regulatory snapshot

Canada Critical Minerals Strategy
$3.8B federal investment framework identifying 31 designated critical minerals.
EU Battery Passport
Required from 2027. Batteries sold in the EU must document supply chain, carbon footprint, and recycled content.
US IRA / CHIPS Act
Canadian minerals qualify for US clean energy and semiconductor tax credits as an FTA partner.
Export controls
Gallium and germanium require export permits under the Export and Import Permits Act.
Impact Assessment Act
Federal assessment for major projects, typically 2 to 5 years alongside provincial review.

Government programmes

NRCan Critical Minerals Infrastructure Fund
$1.5B for roads, power, and community infrastructure near deposit sites.
Strategic Innovation Fund, Net Zero Accelerator
Up to $8B for processing facilities, minimum project size $10M. The 2025 federal budget separately created a $2B Critical Minerals Sovereign Fund.
EDC, Mining & Metals
Financing, insurance, and political risk cover for Canadian mining exporters.
CanExport SME
Up to $50,000 non-repayable for export market development.
Intelligence for exporters · 2025

Jurisdiction risk & competitive landscape

Geopolitical risk by jurisdiction

West Africa
Elevated
Central America
High
DRC
Significant
Peru / Bolivia
Mod-high
Ukraine
Opportunity
Chile
Stable
Australia / Canada / US
Low

Fraser Institute Annual Survey of Mining Companies. Ukraine is an opportunity signal, not a risk rating: Canada's FIPA and reconstruction support create early-mover conditions.

Competitor intelligence

CMOC Group (China): acquired Tenke Fungurume (DRC) in 2016 for $2.65B, now among the world's largest cobalt producers.
Zijin Mining (China): acquired Canadian-listed Nevsun Resources in 2018 for $1.86B, the largest Chinese acquisition of a Canadian miner to date.
BHP & Rio Tinto (Australia): BHP holds Jansen potash in Saskatchewan. Rio Tinto's Oyu Tolgoi (Mongolia) overruns are a standing case study in royalty renegotiation risk.