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The Canada Growth Fund (CGF) has acquired a 10% equity stake in Foran Mining, investing $156 million as part of a $350 million private placement alongside Fairfax Holdings and Agnico Eagle. This follows earlier financial support from both Saskatchewan and Ottawa totaling $131 million.

Prime Minister Mark Carney's strategy prioritizes investment in critical minerals. This move aligns with a trend where governments, including the U.S., seek stakes in key companies. However, concerns about government ownership impacting governance and performance persist, with differing opinions on its effectiveness in various sectors.