TIMMINS, ONT. – The Ontario government is investing nearly $8 million in 18 projects through the Critical Minerals Innovation Fund (CMIF).
According to a release, these projects are expected to leverage $12.3 million in private-sector funding to accelerate the research, development and commercialization of made-in-Ontario technologies.
This latest round of CMIF funding is supporting the following:
- $500,000 to Vale Canada Limited to develop ClearZone, Canada’s first in-field robotic arm system for underground mines, automating hazardous debris removal.
- $400,000 to Destiny Copper Inc. to scale up its patented low-energy process that transforms mining and industrial byproducts into high-purity copper powder.
- $262,500 to Rock Tech Lithium to validate the use of crude tall oil, a pulp and paper byproduct, as a low-cost, low-emission flotation reagent for lithium processing.
Since its launch in 2022, the CMIF has invested in 47 projects.
