The Ontario government has announced up to $4 million in funding for projects aimed at strengthening the province's critical minerals supply chain. Individual projects can receive up to $500,000 through the Critical Minerals Innovation Fund.
Funding details and eligible projects
The funding is available for initiatives that support exploration, mining, processing, recycling, and research related to critical minerals. These minerals are essential for manufacturing electric vehicle batteries, renewable energy technologies, and advanced electronics.
According to the provincial government, the program targets projects that enhance Ontario's competitiveness in the global critical minerals market. Eligible applicants include businesses, academic institutions, Indigenous communities, and non-profit organizations.
Strategic importance for Ontario
Ontario's Critical Minerals Strategy aims to position the province as a leading supplier of minerals like lithium, nickel, cobalt, and graphite. The province is home to significant deposits of these minerals, particularly in the Ring of Fire region in Northern Ontario.
“Investing in critical minerals is investing in Ontario's future,” said a government spokesperson. “This funding will help create jobs, attract investment, and secure our supply chains for the clean energy transition.”
Application process and timeline
Applications for the Critical Minerals Innovation Fund are now open. Projects must demonstrate potential to advance the critical minerals sector, with a focus on innovation, sustainability, and economic development. The government will prioritize projects that involve partnerships and leverage additional funding.
The deadline for submissions is expected later this year, with successful projects announced in early 2027. The funding is part of a broader $4 million commitment announced in the 2026 provincial budget.
