Loading ...What’s behind a historic, unusual U.S. military cash transfer to Canadian mines
The U.S. military has, for the first time in generations, spent public money on minerals projects inside Canada: nearly $15 million US to mine and process copper, gold, graphite and cobalt in Quebec and the Northwest Territories.
It might not be the last: Officials expect additional cross-border announcements under the more than half-billion-dollar U.S. program.
These minerals are vital ingredients in an endless array of civilian and military products — including medicine, batteries, electronics, engines, cars, planes, drones and munitions.
The context, this time, is China.
Ontario-based Fortune Minerals. Quebec-based company, Lomiko Metals. The cash comes with no strings attached — for now. This is free money, in the form of grants, to help companies get through final feasibility studies and permitting.
Very Interesting
They may have given up the wet dream of owning Russia’ resources. Canada may be a poor second choice, but our air defence is nonexistent, and we gave all our missiles to Ukraine.
Would think Rare Earths are the focus