Concerns have been raised within Canada’s mining and metals industry as to what the future of the industry will look like amid ongoing geopolitical challenges, particularly as the sector sees Canadian headquarters close their doors and relocate to other countries.
Amid these concerns, partner Braden Jebson spoke with BNN Bloomberg about the impact that government restrictions around foreign investment in mining are having on the sector.
“I don’t think it’s going to start a stampede for the door, but it shows how these policies have been viewed as relatively aggressive and broad in scope,” Braden said.
Among mining companies that have chosen to remain in Canada, the government’s restrictions—which were introduced as part of a broader push by Western countries to address China’s growing influence in the critical minerals supply chain—have made it difficult for companies to find financial backers.
“Companies with limited Canadian connections are assessing if those are worth the limitations of these investment policies,” Braden said.
You can learn more about Torys’ Mining and Metals practice on the practice page.
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