Federal minister uses PDAC to announce mining funding

The federal government is using the Prospectors and Developers Conference in Toronto to announce a number of funding streams for the mining industry.

That including money for the First and Last Mile Fund.

Energy and Natural Resources Minister Tim Hodgeson says this will allow mining companies get easier access to their resources.

“Over the next several years, the First and Last Mile Fund will invest $1.5 billion in infrastructure projects that are key to developing Canadian mineral supply chains,” Hodgeson told a press conference at the PDAC conference on Tuesday.

“Including mine development, enabling critical infrastructure for processing and transportation.”

Hodgeson says the funding will allow mining companies get easier access to their resources.

“The road that does not yet exist…the transmission line that stops short…the processing facility that is just out of reach. These gaps can determine whether a project advances or remains stranded. They certainly determine whether Canadian minerals get to global markets.”

Hodgeson also announced $2.3 million under the Critical Minerals Sovereign Fund for Frontier Lithium for its proposed processing facility in Thunder Bay.