Published on 9 Dec 2022 on Financial Post via Yahoo Finance
Ottawa sends 'very clear signal to Chinese investors' with tightening of critical minerals policy
FILE PHOTO: Question Period in the House of Commons on Parliament Hill in Ottawa
The chatter started almost immediately after Vancouver-based FPX Nickel Corp., which aims to build a nickel mine in British Columbia, announced on Dec. 2 that it had raised $12 million from a new anonymous “strategic investor.”
Strategic investors in the metals sector — think automakers or large mining companies — are usually identified, but FPX chief executive Martin Turenne would reveal only one thing: It wasn’t a China-based investor.