The Ontario government is investing more than $7 million to launch a new intake of the Critical Minerals Innovation Fund (CMIF) to stimulate investment in the exploration, mining development, production, and processing of domestically sourced critical minerals. This funding, part of the 2025 Budget: A Plan to Protect Ontario, aims to build more secure supply chains and reduce reliance on foreign sources of critical minerals, especially in the face of economic uncertainty arising from US tariffs. The new call for applications for the fund opens from July 23, 2025, to October 1, 2025, and will support projects focusing on accelerating research, development, and commercialization of made-in-Ontario technologies within the mining sector.