International Trade committee  Yes, certainly. Before I start, I want to offer this to some of the comments we have heard about operating abroad. There's an inference that there are rampant human rights abuses or other types of actions. We would argue that this is just not the case. There are certainly incid

International Trade committee  We always like to ground our thoughts in evidence, I would suggest, Mr. MP. When we think of the imperative here in Canada, just based on our current population base.... Clean Energy Canada, another group here in Ontario, did a study last year. It suggested that somewhere around

International Trade committee  From a broad-stroke basis, Mr. Carrie, yes. Canadian companies operate in a much more transparent and above board perspective relative to a Chinese company or a state-owned enterprise from China.

International Trade committee  On your first question with respect to access to capital, it is obviously something that is required for these businesses to move forward, because most exploration companies are non-revenue-generating, so without new investment coming into the company, there is really no feasibil

International Trade committee  Thank you, Lisa. Thinking of our membership base, the exploration and development companies that operate in and outside of Canada, that is a critical part of the supply chain, and it is arguably one of the more capital-risky and labour-intensive parts of the business. A Canadia

Natural Resources committee  I will respond to that, Mr. Dreeshen. I think, to that concept of winning the hearts and minds of Canadians, I very much welcome it, and we at PDAC would welcome any support from the federal government. Just talking about the minerals industry, you mentioned mining and, for su

Natural Resources committee  Certainly, I'd be happy to. When we think of the challenge that's involved with mineral exploration, it's pretty extreme. From the concept of discovery through to production, only about one in 10,000 mineral showings meets the criteria of what would [Technical difficulty—Editor]

Natural Resources committee  Pardon me, thank you. My apologies for that. To your question, only about one in 10,000 mineral showings reaches production, so there's already an inherent impediment for a mineral explorer looking in Canada to bring a new project to market. We understand that it is a huge hill

Natural Resources committee  If I may, Mr. Angus, I would like to take that question. Thank you very much for that. Are we doing enough? As we mentioned earlier, I think the most recent federal budget of 2022 was a good first step. We're seeing that new tax credit for critical minerals come to bear. That sh

Natural Resources committee  Thank you very much.

Natural Resources committee  Yes. I'll handle the answer if that's okay, Lisa. When we think about what we need to do in Canada.... As Lisa mentioned in her opening remarks, I think budget 2022 was a good first step. We saw new incentives being committed to. We saw new funding being directed, or notionally

Industry committee  Yes, I'd certainly like to pick up on that to take it further. Social awareness, the underlying evidence we've been talking about, trying to generate that so we understand where these steps need to be taken.... We talk about timelines for development, and that's regulatory and t

Industry committee  I would suggest that the government does a pretty good job of tracking some of this information. We use Natural Resources Canada as a good resource ourselves to understand where opportunities may lie. If we look to the current list that NRCan has in terms of the top 100 explora

Industry committee  I'll step back and just talk about the timelines for a moment as well. In bringing something from exploration to an extracted mine, exploration is certainly onerous. As I talked about earlier, the odds of success are pretty low. It's very capital intensive. Most of the explorati

Industry committee  I appreciate that sentiment. Let me give you a sense of the return on investment for somebody who's looking at this sector, because it's very relevant. We think about the concept of critical minerals and the industries they're going to feed into. A gold deposit could exist, theo