Fox River Resources (TSE:FOX) has released an update.
Fox River Resources has announced that phosphate is now recognized as a critical mineral on Canada’s 2024 Critical Minerals List, a strategic move commended by the company and backed by the Canadian government’s investments and support programs. The designation emphasizes phosphate’s importance in food security, renewable energy sectors, and electric vehicle battery production. The Canadian government is also working to improve the development process for critical mineral projects, which includes streamlining the permitting process.
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