Qu\u00e9bec City, March 7, 2024 \u2013 The Qu\u00e9bec Mining Association (QMA) is pleased to report two announcements in recent days with significant impacts for the mining sector in Canada and Qu\u00e9bec. The investments announced by the two levels of government show that they are ready to exercise leadership in the decarbonization of the world economy and recognize the need to develop the mineral sector in Canada.<\/p>\n\n\n\n
In a press release issued yesterday, the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, announced federal investments of over $15 million in projects to increase Indigenous participation and support the development of Canada’s critical minerals sector. The QMA also notes $4.49 million in funding for Magneto Investments Limited Partnership, which is developing cobalt and nickel sulphate projects, key inputs in the production of batteries for electric vehicles. This R&D funding will help the mining industry improve technologies and processes, in particular to support the battery sector.<\/p>\n\n\n\n
At the provincial level, Ma\u00eft\u00e9 Blanchette V\u00e9zina, Minister of Natural Resources and Forests, announced 16 grants totalling $6 million for research initiatives in the mining sector, especially those targeting critical and strategic minerals (CSMs). The QMA commends the involvement of the Qu\u00e9bec government in knowledge acquisition, as well as research and development. The extraction, processing and recycling of CSMs and the pooling of work by research centres will all generate innovative approaches that will make Qu\u00e9bec a leader in the field of CSM development. The government funding will support the ongoing energy transition in Qu\u00e9bec as a way to fight climate change.<\/p>\n\n\n\n
Quote<\/strong><\/p>\n\n\n\n \u201cThese investments by the federal government are in addition to the work and commitments of the Qu\u00e9bec government to support research and development in the mining sector. The QMA is pleased to see both levels of government investing in mining as an industry of the future. Qu\u00e9bec\u2019s mining industry is eager to contribute to the society-wide efforts made as part of the worldwide energy transition.\u201d<\/p>\nJos\u00e9e M\u00e9thot, QMA President and CEO<\/cite><\/blockquote>\n\n\n\n About the Qu\u00e9bec Mining Association<\/strong><\/p>\n\n\n\n The Qu\u00e9bec Mining Association (QMA) was founded in 1936 and speaks proactively for mining companies involved in exploration, extraction and processing, mining contractors and junior mining companies, along with suppliers, institutions, non-profit organizations and other mining sector partners. It is proud of the 48,187 jobs and activities totalling $11.7 billion generated by Qu\u00e9bec’s mining industry in 2020. The QMA\u2019s mission is to promote, support and proactively develop a responsible, committed and innovative mining industry in Qu\u00e9bec.<\/p>\n","protected":false},"excerpt":{"rendered":" Qu\u00e9bec City, March 7, 2024 \u2013 The Qu\u00e9bec Mining Association (QMA) is pleased to report two announcements in recent days […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[112],"tags":[],"class_list":["post-3858","post","type-post","status-publish","format-standard","hentry","category-communiques-de-presse-en"],"acf":[],"yoast_head":"\n\n