Critical Minerals Innovation Fund

The Critical Minerals Innovation Fund (CMIF) provides funding to projects that help strengthen Ontario’s critical minerals sector. Rapidly changing technologies are increasing the global demand for critical minerals. These minerals have become important to strategic industries such as: national defence, emerging computer telecommunications technologies and clean technologies that will support a low-carbon future. Important note [Stacking Limits] : If your project receives funding from other Ontario provincial programs, you are not eligible for CMIF funding. This means that you may not stack funding with other provincial funding programs. However, your project may receive support from provincial tax credits and industry-wide programs (for example, industrial electricity support programs). Your project may receive funding from federal government programs. However, when combined, federal and provincial government funding for your project may not exceed 75% of eligible project costs.

The CMIF will provide a maximum of 50% of eligible project costs, up to $500,000 per project, for projects that: 

1. support the research, development and commercialization of innovative technologies, techniques, processes and solutions for critical minerals; 

2. increase critical minerals exploration, mining, development, production and processing; 

3. stimulate investment in Ontario’s critical minerals supply chain; and/or 

4. enhance collaboration between industry, academia, start-ups, and research and development firms to encourage innovation in the critical minerals sector. *Projects could address areas related to Ontario’s Critical Minerals Strategy that are not covered by other priority areas. This may include reprocessing and recycling spent batteries and other end-use products to recover residual metals.

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