Thank you.
I'll turn my comments to Ms. McDonald.
I live in the town of Cobalt. Obviously, critical minerals are a big issue for us. Just over the hill from my house, the first cobalt processing plant is going into operation. Outside Timmins we now have two major nickel deposits discovered. If companies can negotiate fairly with Neskantaga, Eabametoong, Webequie and Marten Falls, then we will have the Ring of Fire in the western part of my region. The critical minerals strategy will have a huge impact on our region.
The question I want to ask you is the impact of the Inflation Reduction Act, because when I talk to people in the mining sector, they're looking at what's happening in the United States. They're talking about making deals in the United States. Does Canada need to pick up its game in terms of addressing the Inflation Reduction Act? We've heard this from some of our witnesses in the mining sector.
It's to make sure that not only are we able to mine the critical minerals, but we are able to get the value-added manufacturing and development from them, as opposed to just shipping them out to other jurisdictions.