Ottawa Orders Chinese Divestment From Three Canadian Critical Minerals Companies
The federal government announced on Wednesday that Sinomine (Hong Kong) Rare Metals Resources Co., Ltd, Chengze Lithium International Ltd. and Zangge Mining Investment (Chengdu) Co., Ltd. must sell their stakes in Power Metals Corp., Lithium Chile Inc. ., and Ultra Lithium Inc. respectively. The government said it made its decision after consulting critical minerals experts and the security and intelligence community. Last Friday, Ottawa said it would allow approval only for deals involving state-owned companies investing in Canadian critical minerals companies on an “exceptional basis,” a development Wesley Wark, senior fellow at the Center for International Governance Innovation, said....