The Chinese purchase of a Canadian mining company might not threaten national security, but it illustrates that Canada should do more to protect its resources, says a former Canadian ambassador.
Since Neo Lithium doesn’t operate any mines in Canada, it’s unlikely the purchase threatens national security, said Guy Saint-Jacques, Canada’s former ambassador to China, speaking to the committee on Wednesday.“What’s the policy of the Canadian government to support the production of critical minerals in Canada? What concrete actions can with our allies, for instance, under the U.S.-led Energy Resource Governance Initiative, or the Canada-U.S.
Not only should the review process be re-examined and made more robust, Canada has lost a junior mining company to China, he said.
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