At the 2026 G7 Leaders’ Summit, in Évian, France, Prime Minister Carney announced a series of new initiatives to strengthen collective security and secure critical mineral supply chains.
Critical mineral supply chains
New partnerships under the Critical Minerals Resilience and Production Alliance
First launched under Canada’s G7 Presidency in 2025, the broadened Critical Minerals Resilience and Production Alliance aims to expand critical minerals production and processing capacity in member countries and diversify supply chains from mine to market. By leveraging sovereign tools like stockpiling and fostering high-standard partnerships, the Alliance helps mobilise capital, accelerate project development, and promote innovation, economic growth, and shared prosperity. In addition to G7 members, Australia also joined the Alliance earlier this year.
During this year’s Summit, Canada welcomed 13 recent or new partnerships and initiatives with more than eight countries that will unlock more than $5 billion in capital expenditures for projects across the Canadian critical minerals value chain. These projects include:
- Memoranda of Understanding (MOUs) between Sio Silica (Canada) and solar technology providers and manufacturers RCT Solutions (Germany) and NanoXSolar (United States) to support Sio Silica’s high-purity silica project in southeast Manitoba. The company is also partnering with RCT Solutions and the Southern Chiefs Organization (Manitoba) to build a fully integrated solar manufacturing hub in Manitoba.
- MOU between KAP Minerals (Canada) and Hanwa Co. Ltd. (Japan) to support the development of a modern critical minerals processing facility in Kapuskasing, Ontario. The facility will provide an allied supply of strategic minerals, including phosphate, rare earth elements, and scandium.
- Strategic equity investment of $95 million from Eni (Italy) to support Nouveau Monde Graphite’s (Canada) Matawinie Mine in Québec. This would represent 10% of the mine’s planned output.
- Letter of intent for a $275 million guarantee from the Danish Export Credit Agency (Denmark) to support First Phosphate’s (Canada) Bégin-Lamarche igneous phosphate mine in Saguenay-Lac-Saint-Jean, Québec. First Phosphate has also secured a definitive offtake agreement with an additional international partner for 200,000 tonnes per year of high-purity phosphate concentrate.
- Letter of intent from SACE, Cassa Depositi e Prestiti, SIMEST, and engineering group MAIRE (Italy) to support First Phosphate’s (Canada) phosphoric acid plant for lithium iron phosphate at Port Saguenay, Québec. The project will deploy technology from Italian equipment engineering firm Ballestra S.p.A. First Phosphate has also secured a definitive offtake agreement with an international partner for 60,000 tonnes per year of phosphoric acid from the facility.
- MOU between Regeneration Enterprises, Inc. (U.S.) and Liminal By WMC (Netherlands) to evaluate opportunities for critical minerals projects across Canada, in New Brunswick, British Columbia, and the Yukon, such as copper, zinc, and lead. The MOU includes potential opportunities for financing, technical, flowsheet development, engineering, and offtake.
- MOU between Torngat Metals (Canada) and Schneider Electric (France) to expand collaboration on the Strange Lake Rare Earth Mining Project in Nunavik, Québec, and a rare earth separation facility in Sept-Îles, Québec. The project is expected to produce both heavy and light rare earth elements essential for renewable energy, digital infrastructure, and advanced manufacturing.
- Offtake agreement between Ucore Rare Metals Inc. (Canada) and Sumitomo Corporation (Japan) to collaborate on the RapidSXTM rare earths separation and processing facility in Kingston, Ontario. This agreement will supply processed rare earth products for magnet makers in Japan and North America.
- Technology Cross-Licensing Agreement and Scope of Works Agreement between NORAM Electrolysis Systems Inc. (NESI) (Canada), a Vancouver-based global leader in sustainable electrochemical lithium refining, and Lifthium Energy SA (Portugal). Under this partnership, NESI will provide key technology and services to Lifthium’s planned lithium hydroxide refinery in Portugal.
Combined with previous announcements, the Alliance is now catalysing $19.2 billion in critical minerals projects, across 69 partnerships and initiatives.
Letter of intent between Canada and France to strengthen critical minerals supply chains
Country: France
Canada and France declared their intent to explore and possibly formalise within the next six months, in accordance with the laws and authorities of their respective jurisdictions, the supply – to French companies or other institutions – of materials from Canada’s strategic critical minerals stockpile, starting with graphite. In addition, Canada and France will continue to explore co-investment opportunities in critical minerals projects in Canada, France, and third countries.
Private capital and international partnerships
African Development Fund 17th replenishment
Partner: African Development Bank
Funding: $250 million over 3 years (2026-28)
The African Development Bank is a key institution that plays a critical role in the growth and development of Africa. This funding represents Canada’s pledge for the 17th replenishment of the African Development Fund, which provides low-interest loans and grants to support economic and social development in the least developed African countries. Canada’s support will help African countries access the financing they need to continue important work focused on agriculture, energy, transport, water, sanitation, private sector development, gender, health, education, and climate change.
Canada Global Impact Investment Fund
Funding: $50 million
Canada will deploy up to $50 million to strengthen Canada’s leadership in mobilising private capital for sustainable development in emerging markets and developing economies. By supporting Canadian fund managers to launch and scale blended finance solutions, this funding will help reduce investment risk, unlock private investment, and scale impactful opportunities that drive inclusive growth, job creation, and poverty reduction.
Canadian contribution to the Global Infrastructure Facility
Partner: Global Infrastructure Facility
Funding: $20 million
Countries: Global
The Global Infrastructure Facility (GIF) – a G20 initiative – is a global collaboration platform that integrates efforts to boost private investment in sustainable, quality infrastructure projects in developing countries and emerging markets. Canada will contribute $20 million to the GIF to help support the provision of technical, financial, and legal advisory services across the infrastructure lifecycle, enabling governments to structure bankable projects aligned with national and global priorities. This investment directly supports Canada’s G7 Partnerships for Global Infrastructure and Investment commitments.
Inclusive Growth and Networks for Investment, Trade and Economic linkages (IGNITE)
Partner: Catalyste+
Funding: $16.2 million
Countries: Various Latin American countries, including Bolivia, Colombia, Ecuador, El Salvador, the Dominican Republic, Guatemala, Honduras, and Peru
The project will provide technical assistance to government institutions and non-state actors through senior Canadian advisor and regional expert deployments to help strengthen trade and investment policies, and reduce gender and economic inequalities, particularly for women, youth, and Indigenous Peoples. It will also build climate-resilient communities and improve the business-enabling environment and conditions for mutually beneficial economic partnerships in strategic sectors.
Canada-2X Global Partnership for Inclusive Finance
Partner: 2X Global
Funding: $2.5 million
Countries: Global
This partnership builds on Canada’s leadership under the 2X Challenge to drive collective action to mobilise finance and scale investments in gender equality. This project will strengthen partnerships and scale inclusive investments in emerging and developing economies through standardisation and institutional capacity building. Global Affairs Canada and FinDev Canada will co-host the 2X Global Summit in Montréal, Québec, from September 15 to 17, 2026. The Summit will convene Canada’s domestic investment ecosystem, with international investors and financial institutions, to help scale inclusive investments while advancing practices, policies, and actions to help close the global gender gap within the global finance system.
Support for Ukraine
Additional sanctions on Russia
To increase pressure on Russia in the face of its ongoing aggression against Ukraine, Canada announced additional sanctions on Russia. These new sanctions target 7 individuals, 34 entities and 121 vessels, including Russia’s energy sector, shadow fleet, enablers, and defence industrial base. Since 2014, Canada has imposed sanctions on more than 3,400 individuals and entities that are complicit in the violation of Ukraine’s sovereignty and territorial integrity and in gross and systematic human rights violations. This includes sanctions against those involved in violations of the rights of Ukrainian children.