It's important to note that some 50% of the world's mining companies are registered here in Canada, most of them in Ontario, where the TSX, the Toronto Stock Exchange, is located. That gives them access to all kinds of strategies and ways to optimize taxation and regulatory compliance. That's how it works. That's why we mentioned the conference of the Prospectors & Developers Association of Canada, the mining sector's largest international conference, which is being held in Toronto for those reasons. Just because companies are registered here doesn't mean they will ultimately serve Canada's interests. This is where we need to clarify the situation and ensure that the Government of Canada is more transparent about its understanding of foreign entities and foreign states that are identified as part of strategic and critical supply chains. The government has not done that yet.
You mentioned a few things the Minister of Finance said in 2022 about how some companies linked to the Chinese government had to cease their activities. This kind of measure has not become more common in recent years. That's why the government has to be more transparent and consistent with its critical minerals strategy. Otherwise, it will look like this strategy is just designed to accelerate mining projects to create wealth for mining companies, with no real connection to Canada's supply chain defence strategy.
