Province's Critical Mineral Strategy Good News for Timmins 
The Ontario government recently announced the development of its first-ever Critical Minerals Strategy, an initiative that could position Northern Ontario as a global leader in the supply of critical minerals and rare earth elements.

Critical minerals like nickel, copper, cobalt and platinum group elements, are necessary in the creation of new technologies like electric vehicles and are widely used in the energy, transportation, and communication sectors as there is a global shift towards low-carbon economies.

“A Critical Minerals Strategy is very important to Timmins and the region,” says Mayor George Pirie. “The Ontario government’s commitment to this project reaffirms their commitment to Northern Ontario and our future. We could see positive opportunities within the mining sector in terms of job creation and investment. With the amount of critical minerals in Northern Ontario, we are in a good position to help meet the global demand, putting us on the map as a supplier of responsibly-sourced critical minerals.”

Timmins’ Resident Geologist, Zeinab Azadbakht of the Ontario Geological Survey (OGS), is currently researching rare earth elements in the region.

“With the high demand for rare earth elements (REEs), additional research could examine potential sources of critical minerals and REEs,” says Azadbakht. “Within the Timmins district, there are over 15 known carbonatite and alkaline igneous rock bodies that have REE potential, but they have not been studied in detail. Ontario Geological Survey studies completed in the past showed that most carbonatite and alkaline igneous rock bodies are also associated with niobium mineralization, so studying these intrusions and evaluating their REE content may identify economic, high-grade REE mineralization. As a result, this research could help determine the potential for the Timmins district to be a REE and niobium producer in the future”

The Honourable Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs states, “The Ontario government is developing its first-ever critical minerals strategy as part of our commitment to create jobs, attract new investment and create opportunities in communities across northern Ontario.” Further, Minister Rickford points out that, "Timmins is ideally located to benefit from new critical mineral discoveries, including copper, nickel and platinum group elements. Industries around the world need a reliable supply of responsibly-sourced critical minerals to meet the demands of the incoming low-carbon economy. Northern Ontario stands ready to meet this demand and our government is making sure we have the tools we need to capitalize on this opportunity.”

According to the province, the Critical Minerals Strategy is expected to be released this fall.
Posted by Amanda Dyer On 3/24/2021 at 9:12 AM  

 
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