Article
DPA Title III Funding: A Unique Opportunity for Companies and Investors
July 04, 2023
In recent years, both Canada and the United States of America have been working together to strengthen domestic industries, such as in critical minerals and semiconductors supply chains. These commitments were reaffirmed by both countries in a joint statement by President Biden and Prime Minister Trudeau in early 2023.
Over the last year, both Canada and the United States have heavily invested in critical minerals development and battery and electric vehicle manufacturing. Canada has introduced The Canadian Critical Minerals Strategy, which, amongst other initiatives, offers more than $1.5 billion (CAD) in funding opportunities and incentives to support critical mineral research, exploration and project development, while the United States has committed $250 million (USD) in Defence Production Act Title III funding to companies based in Canada and the United States for mining and processing critical minerals.
Click here to read the full article.