CIB CEO hints at $100m funding to come for northern mining project

The Canada Infrastructure Bank is preparing to lend $100 million towards mineral mining infrastructure.

Critical mineral projects are crucial for Canada’s clean energy transition, but investments need to be made in the infrastructure that supports them if they’re going to succeed, according to the head of Canada Infrastructure Bank .that the bank is preparing to lend $100 million towards mineral mining infrastructure.

The CIB was established as a federal Crown corporation five years ago, with the purpose of investing in infrastructure that also attracts private capital. He said the bank is preparing to make an announcement about a new critical mineral project in Canada’s north it intends to help fund through infrastructure lending.

“It’s got a great private company who’s leading it … we’re not the drivers, our private partners are. We get to be their supporters, their cheerleaders and their financiers.”

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