Grants and Contributions:
Title:
Mining Industry Transformation: Zero Carbon Critical Minerals
Agreement Number:
819957
Agreement Value:
$41,000,000.00
Agreement Date:
Jan 21, 2025 - Apr 30, 2049
Description:
This project will support the development of the McIlvenna Bay copper and zinc mine in Saskatchewan, using a suite of low-carbon intensity innovative technologies.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will produce copper and zinc for the domestic market, both identified in the Canadian Critical Minerals Strategy. McIlvenna Bay Operating will also implement an innovative suite of sustainable technologies to establish a blueprint for low-carbon intensity mining practices.
Location:
Vancouver, British Columbia, CA V6C1T2
Reference Number:
033-2024-2025-Q4-819957
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
775052608
Recipient Type:
For-profit organization
Additional Information:
This is a partially unconditionally repayable contribution.
Recipient's Operating Name:
McIlvenna Bay Operating Ltd
Recipient's Legal Name:
McIlvenna Bay Operating Ltd
Federal Riding Name:
Vancouver Centre
Federal Riding Number:
59034
Program:
SIF Stream2- Growth
Program Purpose:
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
NAICS Code:
339990