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Critical Minerals Research, Development and Demonstration Program

Up to $192,000,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Are you developing technologies related to critical minerals? If so, this program is tailor-made for you. You have the chance to secure financial support that can help propel your innovative projects to the pre-commercialization phase.

Here are some key reasons to consider applying:

  • Non-repayable grants: The funding you receive doesn't have to be paid back. This means you can invest in your projects without the weight of financial burdens.
  • Broad eligibility: No restrictions on company size, profit structures, or revenue. This makes it accessible for businesses of all kinds.
  • Focus on growth: This program allows you to concentrate on advancing your technology and commercialization efforts without added financial stress.

By being approved, you can enhance your projects, innovate within your sector, and position your business for future success in the critical minerals market. Now is a great time to take this step forward.

Financing Details

Type of Financing
This program offers grants, which means you won't have to repay the money as long as you meet the program’s terms.

Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates associated with this funding. It’s straightforward: you receive the funds, use them for your project, and that’s that!

Eligible Expenses
You can use the funds for various costs related to the development of products, processes, and technologies in critical mineral processing. This includes expenses for research, development, and pilot projects aimed at bringing innovations to the pre-commercialization phase.

Exclusions on Fund Usage
The funds cannot be used for operational expenses or ongoing business costs. They are strictly for project-specific activities related to the development of critical mineral processing technologies.

Fees
There are no fees associated with this program, making it an even more appealing option for your business.

Qualifications

  • Available across Canada
  • Open to all sectors
  • No minimum number of employees required
  • No maximum number of employees required
  • No minimum revenue qualifications
  • No maximum revenue qualifications
  • All legal structures are applicable
  • All profit structures are applicable

Disqualifications:

  • None specified

Description

This program offers financial support for your projects that focus on developing technologies related to critical minerals. If your business is working on products or processes that can advance mineral mining technologies, this is a significant opportunity for you to secure funding that helps bridge the gap to the pre-commercialization phase.

The funding can be used for various activities or projects that promote the development and commercialization of critical mineral processing technologies right here in Canada. There are no specific conditions tied to profit structures or employee numbers, making it an accessible option for businesses of all shapes and sizes.

You won't have to worry about when the money needs to be paid back, as this program provides grants, meaning the support you receive does not require repayment. This allows you to focus on innovation and growth without additional financial stress.

Program Steps

  1. Visit the Program Website: Navigate to the official website to gather all relevant information about the application process.

  2. Prepare Documentation: Gather the necessary documents to support your application. You will likely need:

    • A detailed project proposal outlining your technology development related to critical minerals.
    • Financial statements for the last two years.
    • Business registration documents.
    • Any relevant permits or licenses.
    • Resumes of key team members involved in the project.
  3. Fill Out the Application Form: Complete the application form available on the program's website, ensuring all details are accurate and thorough.

  4. Submit Your Application: Submit the completed application form along with the required documentation before the deadline.

  5. Follow Up: After submission, keep track of your application status. Don't hesitate to reach out to the program contact for updates or questions.

  6. Prepare for Possible Interview: Be ready to explain your project in more detail, as the program may request further discussion during their review process.

Visit Program Website