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Ontario invests $500M in Ring of Fire to develop minerals, create jobs, and counter U.S. trade threats.
Ontario plans to develop the mineral-rich Ring of Fire region to boost the economy and counter U.S. trade threats.
The area, rich in minerals like nickel and copper, faces challenges including remote location and need for infrastructure.
The province is investing $500 million in a Critical Minerals Processing Fund and announced new legislation to expedite development, aiming to create jobs and strengthen the supply chain for electric vehicles and clean energy.
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