Prime Minister Mark Carney says his government is working on a $1 billion project to expand Canada’s critical minerals processing capacity, while the United Arab Emirates (UAE) has agreed to commit the equivalent of $70 billion in Canada.
The announcements come as Carney concluded his week to Abu Dhabi, UAE, this week.
Carney said during a Nov. 21 speech before the Canada-UAE Business Council in Abu Dhabi that he was “pleased that an agreement valued over $1 billion is in the process of being finalized” with the country.
The prime minister said this agreement would expand critical minerals processing capacity in Canada, create jobs, and boost the long-term supply of minerals that are “essential to energy technologies and advanced manufacturing,” and that there would be “more on that soon.”…