Core Viewpoint - Canada is assessing US government investments in its critical minerals companies on a case-by-case basis due to the rise of economic nationalism in the US, as highlighted by Industry Minister Melanie Joly [1][2]. Group 1: US Investments in Canadian Companies - The Trump administration has announced a 10% stake in Trilogy Metals Inc. as part of a $35.6 million investment to enhance critical minerals projects in Alaska [1]. - The US also agreed to acquire an interest in Lithium Americas Corp., which is developing the Thacker Pass lithium project in Nevada [1]. Group 2: Canadian Government's Position - The Canadian government will evaluate foreign investments under the Investment Canada Act, but it is unclear how much power it has to block these US deals [2]. - Canada has previously made it more difficult for foreign, state-owned firms to acquire its mining companies, particularly under former Prime Minister Justin Trudeau [4]. Group 3: Industry Reactions and Challenges - There is concern that if Canada resists these investments, companies may relocate to access US government funds quickly [3]. - Joly emphasized the need for Canada to attract capital while maintaining sovereignty over its critical minerals [5].
Canada Will Review Trump Minerals Deals Carefully, Minister Says