Ann: Pause in Trading, page-21

In April 2022, the federal government released its Budget 2022, which clearly recognised the importance of critical material supply chains to its advanced manufacturing and climate aspirations. The budget includes up to C$3.8bn over eight years to implement a Canadian critical minerals strategy. Specific critical minerals provisions include:

• C$1.5bn for new infrastructure investments to unlock new mineral projects in critical regions;
• C$1.5bn to invest in new critical minerals projects, with a priority focus on mineral processing, materials manufacturing, and recycling for key mineral and metal products in the battery and REE supply chain;
• Introduction of a 30% Critical Mineral Exploration Tax Credit, with a particular focus on nickel, lithium, cobalt, graphite, REEs, vanadium, tellurium, gallium, scandium, titanium, magnesium, zinc, and platinum;
• C$103.4m over five years for the development of a National Benefits-Sharing Framework for natural resources and the expansion of the Indigenous Partnership Office and the Indigenous Natural Resource Partnerships programme;
• C$80m to public geoscience and exploration programmes to help find the next generation of critical minerals deposits;
• C$144m to critical minerals research and development to support the responsible extraction and processing of critical minerals;
• C$10m toward extending the Centre of Excellence on Critical Minerals for three more years; and
• Adds C$40m to support Northern regulatory processes toward streamlining and accelerating the permitting of critical minerals projects.

VML actually did get a mention back then in the above article

as in

Success in Saskatchewan

With a C$31m investment from the Government of Saskatchewan, the Saskatchewan Research Council is building a Rare Earth Processing Facility in Saskatoon. The facility is expected to establish an integrated REE supply chain in Saskatchewan.
Vital Metals/Cheetah Resources is already mining (lifting, crushing, and sorting ore) at its near Yellowknife mine in Canada’s Northwest Territories. Further ore processing is to be done at its cracking and leaching facility, which is currently under construction in Saskatoon, with the first production expected by 2022. Vital aims to produce a minimum of 5,000 tons of contained REE by 2025.

So who knows perhaps it has taken since last April to this point for funds to start being distributed would sound about right with this latest news on the $1,5bil follow on story

Who knows not long to find out i suppose, one thing for sure one would think we most certainly would qualify looking at the requirement

below article from April 2022

GL to all holders

https://www.innovationnewsnetwork.com/addressing-potential-canadas-critical-minerals/21361/