Ontario Launches $500 Million Critical Minerals Processing Fund

December 12, 2025

The government has announced the official launch of the $500 million Critical Minerals Processing Fund (CMPF) as part of its plan to protect Ontario by building a more competitive, resilient and self-reliant economy.

First announced in the 2025 Budget, the fund will provide strategic financial support to ensure existing mineral processing facilities can maximize their production and support the construction of new operations. By supporting projects that accelerate the province’s critical minerals processing capacity, we’re strengthening Ontario’s the end-to-end critical minerals supply chain to boost our manufacturing competitiveness and meet the growing domestic and international demand for critical mineral resources.

The CMPF will be delivered through Invest Ontario, the province’s investment attraction agency.

News Releases:

En: Critical Minerals Processing Fund

Fr: Fonds pour le traitement des minéraux critiques