Chapter 1 · 1.3 Unlocking the full potential of Canada's natural resources
Bringing critical minerals from mine to market
$1.35B net impact on the budgetary balance over five years, 2026-27 to 2030-31.
The cost line
| Line | 2026-27 | 2027-28 | 2028-29 | 2029-30 | 2030-31 | Total |
|---|---|---|---|---|---|---|
| Bringing critical minerals from mine to market | 1 | 414 | 335 | 451 | 460 | 1,661 |
| Less: Funds previously provisioned in the fiscal framework | −12 | −32 | −62 | −62 | −32 | −200 |
| Less: Projected revenues | — | — | — | −57 | −57 | −113 |
| Net fiscal impact | −11 | 382 | 273 | 332 | 371 | 1,348 |
… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.
What the budget says
“To build on this progress and unlock more of Canada's critical minerals potential, Budget 2026 proposes to: Renew the Canadian Critical Minerals Strategy, which supports strategic investments in the technology needed to mine and process our critical minerals, expands our geoscience and research capacity, provides targeted funding for priority critical minerals projects, and keeps government …”
Budget 2026, p. 136 (PDF p. 146)
“Budget 2026 proposes to provide Natural Resources Canada with $424.4 million over four years, starting in 2027-28, to support this renewal.”
Budget 2026, p. 136 (PDF p. 146)
Amounts named in the text
Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.
- $44.6 billion
- $20 billion
- $2 billion
- $850 million
- $400 million
- $424.4 million over four years, starting in 2027-28
- $956 million
- $54 million over four years, starting in 2027-28
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