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Australia and Canada have signed a Joint Declaration of Intent on Critical Minerals Collaboration to strengthen cooperation and trade in critical minerals. The agreement focuses on enhancing supply chains from projects to processing, encouraging commercial partnerships, and addressing policy challenges.

Both countries possess significant reserves of critical minerals essential for batteries, semiconductors, and defense technologies. The deal aims to facilitate public and private investments and explore blended financing mechanisms to advance mutual projects.

ASX-listed companies with Canadian projects, including those focused on lithium and rare earths, are expected to benefit from new funding initiatives and streamlined permitting processes. Projects like Seymour and Ashram are set to progress with feasibility studies and community engagement plans, while others, such as Pivotal's Belleterre and Horden Lake, are preparing for exploration and drilling activities.