Ref. Ares(2021)6044578 - 05/10/2021

COVID-19 IMPACTS ON CANADA’S MINING INDUSTRY Prices of most minerals and metals have recovered the • The mining industry saw sharp declines in demand and        losses from the start of the pandemic, although the resurgence of COVID-19 cases in countries around the commodity prices world remains a significant downside risk to a complete price recovery • Earlier this year, there were several major closures and curtailments of mines throughout Canada • The mining industry has mostly recovered, with rebounds in output, employment, and mineral production. • Junior exploration companies saw much of their early work season cancelled due to COVID-19 restrictions, but have since recovered most lost ground. Source: S&P Global Market Intelligence

THE CANADIAN MINERALS AND METALS PLAN (CMMP)

 

3 4 Launched in March 2019, the CMMP aims to:
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° Improve the competitiveness of Canada’s minerals and metals industry;

« Position Canada for long-term success in a clean, digitalized, global economy; and
ultimately,

« Establish Canada as the leading mining nation.

  

r 8 u A series of Action Plans to Operationalize the CMMP
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a F CANADA IS or To achieve the targets and goals set out in the CMMP, the first in the series of Action
E 3 THE LEADING ® e Plans—Action Plan 2020—introduced:
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32 MINING NATION P 5 SIX PAN-CANADIAN INITIATIVES
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% A minescanada.ca R 2 « A Pan-Canadian Geoscience Strategy «  Aseries of innovation challenges
®  Indigenous Procurement Workshops ° Canadians of Mining
° Are-imagined NOAMI « ACanada Brand for Mining

A NEW AREA OF COLLABORATION

« Todevelop an.all-Canadian critical minerals and battery value chains

 

D #] Natural Resources Ressources naturelles
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PAN-CANADIAN COLLABORATION ON CRITICAL MINERALS • Creation of Federal-Provincial-Territorial Task Team and governance framework to jointly develop a Canadian Critical Minerals Action Plan • Focus is on a pan-Canadian approach • Key areas of work include: o Development of critical minerals list for Canada o Targeted policy development o International engagement

A CRITICAL MINERALS LIST FOR CANADA Drivers: Allied Critical o                                                                                       Minerals Needs [Art. 4.1(a) third intend ]                                                       and Ability to Supply o  Mining Stakeholders and some P/Ts have been calling for a Canadian critical minerals list. Criticality o  GoC Security Officials: Clarifying which minerals are critical to                          for Canada to provide greater predictability to investors and industry.                    Canada          Production of Domestic Clean Economic, o  COVID-19: Recent faults in supply chains highlighted the              Industrial or Technologies to Enable the importance of domestic manufacturing requirements.                     Defensive Transition to a Impacts based on Low-carbon o  Low-Carbon Economy: Prioritizing minerals needed to build the        Supply Security Economy manufacturing base in the low-carbon economy.

GOVERNMENT OF CANADA’S BATTERY INITIATIVE Positioning Canada as a global hub for battery production by advancing a full value chain approach, from mines to mobility: MINERAL   BATTERY METAL           MATERIAL          COMPONENTS &           STATIONARY         ELECTRIFIED VEHICLE EXPLORATION  PROCESSING            RECYCLING              BATTERY              STORAGE           MANUFACTURING & MINING  & PRECURSORS                                 ASSEMBLY Joined the Global Battery Alliance’s Global Battery Passport Working with provinces and territories Finalizing advice to Government “A good example of adapting to a carbon-neutral future is building zero-emissions vehicles and batteries. Canada has the resources – from nickel to copper – needed for these clean technologies. This – combined with Canadian expertise – is Canada’s competitive edge.” Speech from the Throne to open the Second Session of the Forty-Third Parliament of Canada