North American Tungsten Corporation Ltd (NATUF)

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$Natuf Canada getting ready to turn on the lights

Quebec to spend $90 million developing minerals used in new technology

"Traditionally, Quebec has mined iron ore, gold, and base metals.

The new initiative will involve developing cobalt, graphite, lithium, niobium, and rare-earth metals, all essential in making electric vehicles, mobile communications, medical scanners, solar panels, windmills, and aircraft.

From 2020 to 2025, Quebec will spend $90 million to encourage junior mining companies, seek investors, and open up areas for the mines.

“CSMs (critical and strategic minerals) are everywhere,” Energy and Natural Resources Minister Jonatan Julien said. “They are indispensable.”

China is the world’s largest source of rare-earth minerals, and the U.S. is seeking alternative sources by creating its own critical-minerals strategy, which includes outreach to countries with deposits of rare-earth and other critical minerals.

“There is (a) risk we will lack these products,” Julien said.

Julien said people living in the mining regions of northern Quebec, including Indigenous nations, would participate in the developments.

“We can’t do this without the Aboriginals,” Julien said."

https://ipolitics.ca/2020/10/29/quebec-to-spend-90-million-developing-minerals-used-in-new-technology/