Canada’s $2 Billion Sovereign Fund for Minerals Reshapes Mining
Canada is putting government money straight into mining projects. The Canada sovereign wealth fund minerals plan hands out cash, loan guarantees and supply deals worth C$2 billion.
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Canada is putting government money straight into mining projects. The Canada sovereign wealth fund minerals plan hands out cash, loan guarantees and supply deals worth C$2 billion.

As battery-grade lithium carbonate rebounds to roughly $24,710 per tonne in mid-2026, hard-rock spodumene pegmatite projects are dominating the near-term global supply pipeline, offering investors shorter production runways but steeper upfront capital challenges than traditional brine operations.