Government backs investment in critical minerals projects

The Australian Government is prioritising the development of the nation’s position as a global supplier of rare earths and high performance metals.

Australian Mining is reporting that financial support will be offered for critical minerals projects that the government deems eligible.

The funding will be available through Export Finance Australia (EFA), including the Defence Export Facility. The government will also give access to dual funding, through the EFA as well as the Northern Australia Infrastructure Facility (NAIF).

Federal Minister for Resources and Northern Australia Matt Canavan said the new arrangements meant Australian companies would be able to maximise their access to existing government support to expedite new rare earth and critical mineral processing activities in Australia.

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