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A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted by the University of Alberta.
In October 2022, the government added an extra layer of scrutiny for inbound deals in critical minerals. “Chinese investors are not shy to risk, they are willing to stick in and ride it out ,” Mcpherson added.Canada may find it difficult to regulate all Chinese mining acquisitions notwithstanding the provisions in the Investment Canada Act, especially when both buyer and seller are keen for the transaction.
Some smaller miners and explorers have been lobbying the Canadian government to allow more Chinese investments, citing difficulty in raising capital.query about if they are seeking Canadian government approval for the deal. Gold is not considered a critical metal by Canada.
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