1、ONTARIO MININGAND TORONTOS GLOBAL REACH2024Finance-Production-Exploration-International Projects-ESGEngineering&Consulting-Critical Minerals-Equipment&InnovationONTARIO MINING AND TORONTOS GLOBAL REACH 2024GBR SERIESAlfonso TejerinaDirector and General ManagerGLOBAL BUSINESS REPORTSThe geopolitical

2、nature of the energy transition,where access to various minerals has become of strategic importance,and the continuing post-pandemic reshoring trend have led Ontario to identify the opportunity for developing a home-grown electric vehicle supply chain.Global events in 2023,such as the coup in Niger

3、and a slew of sanctions against Russia,only reinforce Ontarios already strong hand:Ontario offers stable government,a rich ecosystem of service providers,and an abundance of renewable hydropower all of which make it stand out as one of the worlds top mining destinations.The last year has been transf

4、ormational for the mining industry in Ontario,with the passing of the Building More Mines Act,2023,a proposed amendment to the alternative minimum tax(AMT),and the Supreme Court ruling that federal impact assessments are unconstitutional.These changes are likely to shape Ontarios mining sector for t

5、he coming decades in ways that are not yet fully clear.Gold,the backbone of Ontarios mining sector,has continued its bull run to reach all-time highs,just as Ontario has seen new major mines pour their first gold,and with more to come online throughout 2024.However,Ontarios prospectors and miners ha

6、ve faced challenges,some self-imposed and others due to the cyclical nature of mining.The mining sectors persistent labor shortages continue,hindering Ontarios efforts to pursue its Critical Minerals strategy.Additionally,juniors in particular have been squeezed by escalating costs and dwindling inv