Mining industry

Creation of the Fonds pour les minéraux critiques et stratégiques (FMCS, critical and strategic minerals fund), with a capitalization of $2.5B.

The new fund will include the investments already made by the Capital ressources naturelles et énergie fund, which are mostly in critical and strategic minerals (CSMs), plus $1.0B in new capital.
- It will favour forms of intervention suited to the development of CSMs, notably long-term supply agreements

$500M to encourage the financial participation of Indigenous communities in economic projects

Thanks to these guarantees, they will be able to access loans at advantageous rates to acquire stakes in projects and thus benefit more from the resulting economic spinoffs.

A new innovation zone

The government will soon unveil a fifth innovation zone, the Zone d’innovation minière (mining innovation zone), in Rouyn-Noranda in Abitibi-Témiscamingue. This zone will concentrate Quebec’s expertise in mining innovation.

It will prioritize two areas of research and development:

the autonomous mine, which notably targets data mastery and use as well as the development of artificial intelligence and connected equipment;
the sustainable mine, which aims to better align the needs of the mining industry with those of its host community, notably through responsible operations, land restoration and the social acceptability of projects.