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An April surprise: miners are cheering for their government

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News this week that Ottawa plans to spend C$3.8 billion ($3.02 billion) to support battery metals was welcomed by miners.

On Friday mining audiences manager Michael McCrae hosted Kitco Roundtable.

The Canadian government announced the funding it its budget. Funds would go to mineral surveying, processing and recycling, as well as tax credits for digging new mines and subsidies for infrastructure. Regulatory oversight, however, would mostly stay the same.

"$3.8 billion for minerals and metals, and that’s not including other budget items, like the $15B Clean Growth Fund, a piece of which will doubtless support critical minerals. A time for celebrating Canadian #mining and its role in #climateaction," tweeted Pierre Gratton, President and CEO of the Mining Association of Canada, supporting the measure.

Sponsor of Kitco Roundtable was Golden Minerals.

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