The Ontario government is investing more than $7 million in a new intake of the Critical Minerals Innovation Fund (CMIF) to strengthen the province’s critical minerals supply chain and protect its economy from U.S. tariffs.
Applications are now open and will close October 1, 2025. Eligible projects may receive up to 50 percent of their costs to a maximum of $500 000, supporting initiatives in four priority areas: innovative exploration, mineral recovery, battery supply chains and mining innovation.
Minister of Energy and Mines Stephen Lecce announced the funding in Sudbury, noting that soaring global demand and new U.S. tariffs targeting Canada’s mining and manufacturing sectors make it critical to build a made-in-Ontario supply chain. He added that the CMIF supports good‑paying jobs and attracts investment by focusing on provincial solutions.
Since its launch in November 2022, the fund has directed $20 million toward more than 29 Ontario-based projects. The 2025 provincial budget includes an additional $5 million over two years to further support critical minerals development.
Finance Minister Peter Bethlenfalvy emphasised that the investment will boost economic growth, job creation and community resilience. This initiative is part of Ontario’s broader strategy to ensure local resources contribute to the province’s manufacturing needs and reduce dependence on foreign sources.
Applications are being accepted through Transfer Payment Ontario. For details on eligibility and deadlines, visit the Ontario government’s website.
(Written by: Joseph Goden)
