Renewal Of Alberta's Approach To Mineral Resource Development - Bill 82: Mineral Resource Development Act

With the global demand for critical and rare earth minerals rising for use in a variety of products including batteries, cell phones, energy storage cells and electric vehicles, Alberta's Bill 82: Mineral Resource Development Act  (the "Act") was recently proclaimed into force. Alberta also concurrently released a strategy and action plan for developing the provincial minerals and mineral products industry entitled Renewing Alberta's mineral future, a strategy to –re-energize Alberta's minerals sector  (the "Plan"). The Act and the Plan set out a vision and concrete steps for Alberta to become a preferred producer and supplier of minerals and mineral products.

Alberta's geology is favorable for a number of minerals key to the production of batteries, electric-powered vehicles and energy storage including lithium, copper, vanadium, rare earths and uranium. Fort Saskatchewan, Alberta is also home to one of Canada's three nickel refineries in Canada. With the Act