More than 60 Canadian mining projects are expected to be pitched to international investors at an upcoming summit in Toronto as the federal government looks to attract C$1 trillion ($1.01 trillion) in new investment.
The Canada Investment Summit, scheduled for 14–15 September, will showcase investment opportunities identified across the country, ranging from mines and energy projects to transportation infrastructure.
It represents the first national investment forum of its kind under Prime Minister Mark Carney and is supported by the Canada Pension Plan Investment Board and Public Sector Pension Investment Board.
A total of 167 projects are included in a 66-page investment prospectus first reported by CBC News, ranging from high-speed rail infrastructure to a proposed oil pipeline to Canada’s West Coast.
Mining represents the largest category, accounting for 63 projects. Clean energy follows with 31.
Gold and critical minerals in focus
Among the mining companies confirmed in the prospectus are Troilus Mining (TSX:TLG), Canagold Resources (TSX:CCM), E3 Lithium (TSX-V:ETL), Critical Elements Lithium (TSX-V:CRE), and LithiumBank Resources (TSX-V:LBNK).
Troilus is advancing plans to restart a former gold and copper mine in Québec. The C$1.43 billion project is expected to operate for 26 years, with first production targeted by 2030.
“We believe Troilus represents exactly the kind of large-scale, long-life project that can contribute meaningfully to Canada’s future production of gold and copper, while generating significant economic benefits here at home,” says CEO Justin Reid, who is expected to attend the summit.
Meanwhile, Canagold is developing what it describes as Western Canada’s highest-grade gold and antimony mine in northwestern British Columbia. The project, New Polaris, reached its feasibility stage last year and is now progressing through environmental permitting.
“Inclusion in the Canada Investment Summit Prospectus recognises New Polaris as one of the premier development-stage projects in the country, with the potential to make a meaningful contribution to Canada’s critical minerals strategy,” Canagold CEO Catalin Kilofliski says.
Lithium developers make the list
Lithium also features prominently among the mining opportunities being presented to investors.
E3 Lithium and LithiumBank are each developing lithium resources in Alberta, while Critical Elements Lithium is advancing a lithium-tantalum project in Québec.
E3, which is piloting direct lithium extraction (DLE) technology on the large brine resources within the Leduc reservoir, says its inclusion in the prospectus reflects the progress of its Clearwater project, for which it aims to be shovel-ready by early 2027.
“The maturation of the technology and engineering continues to demonstrate that the lithium resources in Alberta contain significant value, and producing battery ready products on site supports Canada’s initiative to supply the global battery and energy ecosystem,” E3 CEO Chris Doornbos says.
Broader investment push
Mining forms part of a much broader investment push as Canada seeks to attract capital into major projects across infrastructure, energy, clean technology, and natural resources.
Among the major projects included in the prospectus are a C$57 billion expansion of the Port of Churchill in Manitoba, Canada’s only deepwater Arctic seaport; a C$44 billion investment in Nova Scotia’s Wind West offshore wind project; and a C$35 billion pipeline connecting Alberta’s crude production to a deepwater export terminal in BC.
With 63 of the 167 opportunities coming from the mining sector, the summit puts gold, copper, lithium, and other critical minerals at the centre of Canada’s push for international investment.
Write to Jackson Chen at Mining.com.au
Image: Mark Carney | X
