DAILY BRIEFING | 05.09.25
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President Trump announced that a 25% tariff on imports from Canada and Mexico will take effect on Saturday, though he's still considering additional tariffs on oil from these countries. A Fraser Institute commentary indicated that Canada can improve its trade position with the U.S. and benefit consumers by dismantling outdated supply management system, and in response to potential U.S. tariffs, leverage intellectual property rights to regain economic sovereignty, especially in sectors like pharmaceuticals and AI.
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Small business confidence in Canada fell for the second consecutive month in January, driven by uncertainty over potential U.S. tariffs and domestic political changes, with many sectors reporting challenges related to low demand and high taxes. Statistics Canada reported widening income inequality in the third quarter of 2024, while payroll employment fell by -0.3% in November, driven largely by a 38,200-job decline in the postal service sector due to strike action.
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NDP Leader Jagmeet Singh pledged to force a spring election at the end of March while calling for an early recall of Parliament to pass legislation addressing potential U.S. tariffs on Canadian goods. Meanwhile, Nova Scotia Liberal MP Jaime Battiste announced he is dropping out of the Liberal party leadership race and endorsing former Bank of Canada Governor Mark Carney, citing his commitment to advancing reconciliation, the environment, and affordability.
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A new study warned that the federal government’s current emissions reduction plan will fall short of achieving net-zero carbon emissions by 2050, highlighting significant economic costs and the need for transformative abatement technologies to reach this goal. Meanwhile, new analysis revealed that healthcare is a significant contributor to global greenhouse gas emissions, and Canada’s public sector healthcare organizations need a broader, system-wide approach to reduce pollutants and achieve sustainable health systems effectively.
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Global, domestic leaders congratulate Carney; Trump sparks tension with annexation remarks
Global News - April 29, 2025 Foreign and domestic leaders praised Prime Minister Mark Carney's win in the recent federal elections, with U.S. President Trump privately greeting Carney, while maintaining rhetoric about making Canada the 51st state.
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Canadian Prime Minister Mark Carney arrives at the Office of the Prime Minister and Privy Council, the morning after the Liberal Party won the Canadian federal election, in Ottawa on Tuesday, April 29, 2025. THE CANADIAN PRESS/Justin Tang
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Environmental Policies and Green Mining
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Canada Boosts Green Mining with $61M Investment in Foran's McIlvenna Bay Project
ISED Canada - January 28, 2025 The Canadian government's significant investment in Foran Mining Corporation's McIlvenna Bay project underscores a strategic push towards green mining and the advancement of critical minerals policy, aligning with the country’s goals to enhance domestic supply chains and promote sustainable technologies within the mining sector.
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(McIlvenna Bay, image sourced from Google Maps)
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New Tool Boosts Sustainable Mining, Tackles Acid Rock Drainage and Metal Leaching
International Council on Mining and Metals - January 29, 2025
The mining industry is making strides in addressing environmental challenges with a new tool from the International Council on Mining and Metals and the International Network for Acid Prevention, aimed at preventing water pollution and promoting sustainable practices through a comprehensive management framework. This initiative supports compliance with stringent environmental regulations and aligns with global narratives on sustainability, enhancing investor confidence and corporate accountability.
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Proposed B.C. Mineral Claims Framework Sparks Debate Over Indigenous Consultation and Mining Impact
The Northern Miner - January 28, 2025 British Columbia's proposed mineral claims framework, developed in response to a 2023 Supreme Court ruling, seeks to enhance Indigenous consultation but raises concerns over increased complexity and costs that could deter mining investment and hinder exploration. Critics argue that the new system's public disclosure requirements threaten competitive interests, potentially delaying projects and straining the economy.
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ZincX Resources Secures $500K Loan to Advance Sustainable Mineral Projects in BC
ZincX Resources Corp. - January 27, 2025 ZincX Resources Corp. has secured a $500,000 non-recourse convertible loan to advance its Akie and Kechika Regional projects in British Columbia, highlighting the strategic importance of critical minerals for a low-carbon future.
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New Copper-Gold Discovery Bolsters Canada's Strategic Position in Mining Sector
InvestorWire Newsroom - January 30, 2025 The recent copper-gold discovery at the Kolos Project in Canada, expanding the site's reach to a 12 km² alteration zone, positions Canada as a crucial player in the global mining sector, aligning with burgeoning demands for green technology and infrastructure development.
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Ontario Unveils Act to Shield Critical Minerals and Energy Infrastructure from Foreign Interference
Ontario Energy and Mines - April 25, 2025 The Government of Ontario has unveiled the "Protect Ontario by Unleashing our Economy Act", a new legislative effort aimed at fortifying the province's critical minerals and energy sectors against foreign interference to safeguard resources and bolster economic growth.
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Canadian Mineral Explorer Advances Cisco Lithium Project with Fully Funded 2025 Winter Drill Program in Quebec’s James Bay
Q2 Metals Corp. - January 20, 2025
Q2 Metals Corp., a Canadian mineral exploration company is set to advance its Cisco Lithium Project in Quebec's Eeyou Istchee James Bay region with a fully funded 2025 Winter Drill Program, targeting significant expansion of lithium resources amid rising global demand. As the company prepares to showcase its progress at major industry events, the initiative highlights strategic growth and emphasizes crucial community and investor engagement.
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Troy Minerals Expands Table Mountain Silica Project, Aligns with Canada's Critical Minerals Strategy
Junior Mining Network - January 30, 2025 Troy Minerals Inc. has strategically expanded its Table Mountain Silica Project in British Columbia by acquiring two additional mineral claims, aligning with Canada's Critical Minerals Strategy to bolster sustainable supply chains and enhance logistical efficiency. This move not only strengthens the company's position in the critical minerals sector amid growing silica demand but also underscores their commitment to Environmental, Social, and Governance (ESG) principles, with an eye toward sustainable growth and community engagement.
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Neotech Metals Secures BC Permit for TREO Project, Eyeing Rare Earth Opportunities and ESG Compliance
Neotech Metals Corp. - January 27, 2025 Neotech Metals Corp. has secured a permit for exploratory drilling on its TREO Project near Prince George, British Columbia, a development that underscores Canada's strategic move to bolster supply chains for critical minerals in alignment with its national strategy. This initiative, set for summer 2025, raises environmental, community, and market considerations pivotal to the future of rare-earth mineral exploration.
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International Mining News
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Trump's Energy Emergency and Policy Shift Reshape North American Mineral and Energy Landscape, Impacting Canadian Firms
National Mining Association - January 20, 2025
The inauguration of President Donald Trump heralds a pivotal shift in U.S. policy, emphasizing domestic mineral production and energy independence, which poses significant implications for Canadian companies navigating the evolving landscape of critical minerals, supply chains, and environmental standards. As the U.S. plans regulatory rollbacks and exits international climate agreements, Canadian firms may need to reassess trade dynamics and align their strategies with shifting investor priorities and regulatory frameworks.
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Trump's Executive Orders Reshape Critical Minerals and Mining Policy, Easing Regulations and Boosting Domestic Development
Whitehouse.gov - January 20, 2025
President Trump's recent Executive Orders herald significant policy changes aimed at bolstering domestic critical minerals exploration and processing, promising opportunities for businesses in this sector while challenging environmental regulations and green initiatives. As these shifts emphasize reducing import dependency and fast-tracking project timelines, stakeholders must navigate the evolving regulatory landscape and potential impacts on indigenous and community relations.
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Eby Unveils Strategic Plan to Counter U.S. Tariffs, Boost B.C.'s Mineral Sector
Mining.com - January 23, 2025 In response to the looming threat of 25% tariffs on Canadian imports by U.S. President Donald Trump, British Columbia Premier David Eby has unveiled a strategic plan at recent natural resources conferences to fortify B.C.'s critical minerals sector by diversifying trade relationships and expediting key infrastructure projects, all while enhancing indigenous consultation and participation through significant legislative reforms.
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Early registration rates for PDAC 2025 ends February 7th
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PDAC - January 30, 2025
Early registration rates for the PDAC annual convention are available until February 7th. PDAC annual convention 2025 will be taking place at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 2nd to Wednesday March 5th. The event will see more than 27,000 attendees from over 135 different countries visit the convention centre exploring topics related to finance and investment trends in mining, sustainability and indigenous issues in mining, and explore the latest developments in Canadian mining. Click here to register.
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Free Webinar on AI's Transformative Role in Mining with Legal Experts
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Faskens - January 28, 2025
An upcoming webinar put on by Faskens on February 25, 2025 will explore the transformative role of AI and automation in the mining sector, with insights from experts Christopher Ferguson, Faskens Partner in Technology, Media and Telecommunications, Privacy and Cybersecurity Law, and Anagha Nandakumaran, Faskens Associate in Information Technology. This webinar offers professional development credits for legal professionals in various Canadian provinces. Visit Faskens Webinar AI and Automation and Mining to register.
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Belo Sun Mining Corp. Jack Lunnon has been appointed as a director of Belo Sun Mining Corp., moving from La Mancha Investments S. à r. l., where he serves as Chief Technical Officer. He brings over fifteen years of experience in geology, mining, and investments, along with board-level expertise from his previous role at Elemental Altus Royalties Corp.
Compass Minerals Patrick Merrin has been appointed as Chief Operations Officer (COO) at Compass Minerals, joining from Lundin Mining Corporation, where he served as Executive Vice President of Technical Services. He brings three decades of mining industry experience, including leadership roles at Copper Mountain Mining, Washington Companies, Newcrest Mining, and Goldcorp.
Peter Fjellman has been named Chief Financial Officer (CFO) at Compass Minerals, moving from GXO Logistics, where he was Senior Vice President of Finance for the Americas and Asia Pacific. With over 30 years of experience in finance leadership across industrial, manufacturing, and logistics sectors, he has previously held senior roles at ABB, Danaher Corporation, and Newell Rubbermaid.
Ontario Mining Association Grant Karwacki has joined the Ontario Mining Association (OMA) as Director of Operations, bringing extensive experience in Ontario’s mining sector and natural resource management. Previously, he held senior government roles, including Director of Policy at the Corporate Policy Secretariat and Senior Policy Advisor to the Government of Ontario, where he developed strategic, evidence-based policies and built strong relationships with stakeholders and Indigenous partners.
Grant’s hiring comes on the heels of Priya Tandon, the new Ontario Mining Association President, who assumed the role on October 7, 2024. As the first woman to lead the OMA, Priya brings over 15 years of experience in policy development and stakeholder engagement, having served in senior government positions, including Director of the Strategic and Indigenous Policy Branch at the Ministry of Natural Resources and Forestry.
Québec Mining Association Emmanuelle Toussaint has been appointed as President and Chief Executive Officer of the Québec Mining Association (QMA), effective January 13, 2025, bringing over 25 years of management experience across the private and public sectors. Previously, she held executive roles at Cléo Innovations, a Hydro-Québec subsidiary, and Volvo Group divisions Prevost and Nova Bus, with a focus on legislative affairs, sustainability, and transportation electrification. She succeeds Josée Méthot and will leverage her expertise in governance, regulatory affairs, and innovation to advocate for a responsible and forward-thinking mining industry in Québec.
The Canadian Institute of Mining, Metallurgy, and Petroleum Ameni Ben Ammar has joined the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), bringing over 18 years of experience in financial leadership across industries such as mining, healthcare, IT, and aerospace. A CPA with expertise in managing multi-million-dollar budgets, Series A funding due diligence, and international entity setup, she will focus on enhancing financial success and streamlining operations at CIM.
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