Defense Metals Corp. joins Canadian Critical Minerals and Materials Alliance (C2M2A)
Recent announcements by Ford and GM and their plans to establish EV manufacturing confirm Canada's commitment to a low-carbon future.
Technology / IIoT
VANCOUVER — Defense Metals Corp. announced its support as a Founding Member of the recently launched Canadian Critical Minerals and Materials Alliance (C2M2A). Defense Metals and nine other C2M2A founders reflect a knowledge base across the suite of critical material supply chains; including current & prospective producers and processors, commercial & national laboratories, academia and innovation hubs, and engineering & business experts.
Defense Metals support of the C2M2A initiative, representing an industry voice to guide Government of Canada policy towards establishing Canadian-based critical material supply chains, will benefit the advancement of its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property located near Prince George, British Columbia (BC).
Launched on January 14, 2021 the Canadian Critical Minerals and Materials Alliance is an industry association aimed at advancing resilient critical materials supply chains for Canada’s cleantech economy. The launch of C2M2A builds on the earlier establishment of the Canadian Rare Earth Elements Network (CREEN) in 2013 and its success in building awareness on the growing importance of rare earth elements.
Recent geopolitical developments have underscored the importance of the critical materials supply chains necessary for clean energy, electric vehicles, communications, medical and aerospace applications. A coordinated supply chain consortium, which represents both upstream and downstream critical materials producers (e.g., rare earth elements, lithium, cobalt, graphite and others) will help support policymakers and industry players implement strategies that will enable full Canadian participation in the sector.
Recent announcements by the federal government with Ford Motors and General Motors on their plans to establish more electric vehicle manufacturing capacity in Canada confirm Canada’s commitment to a low-carbon future. C2M2A will help support further investments in this rapidly advancing sector of the economy, particularly in outlining the effort and costs to build value-creating materials chains in Canada.