Premier Houston Attends Ontario Conference to Discuss Nova Scotia's Critical Mineral Opportunities
Premier Tim Houston is attending the Prospectors and Developers Association of Canada conference in Toronto to explore critical mineral opportunities for Nova Scotia. Canada’s spending on critical mineral exploration reached $2.1 billion in 2024, alongside plans for a $2 billion sovereign fund to support mining projects. Approximately 140 planned projects valued at $117.1 billion may create over 700 jobs in Nova Scotia, contributing significantly to local economies.
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Premier Tim Houston is attending the Prospectors and Developers Association of Canada conference in Toronto to explore critical mineral opportunities for Nova Scotia. Canada has increased its critical mineral exploration spending by 4% year-over-year, reaching $2.1 billion in 2024.
A federal budget plan includes a $2 billion 'critical minerals sovereign fund' to support mining projects. Around 140 projects across Canada, valued at $117.1 billion, are projected to extract critical minerals worth $72.4 billion.
Houston's government recently lifted a fracking moratorium and a uranium mining ban, focusing on offshore oil and gas exploration. The Goldboro gold mine is expected to create over 700 jobs, contributing $35 to $50 million annually to local communities. Houston will meet with federal Minister Tim Hodgson and Ontario Premier Doug Ford, and discuss economic cooperation with the German Ambassador.
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