The Alberta government says it is developing a new incentive program to attract investment in the province’s critical minerals sectors, as global demand continues to grow.

Targeted for launch in 2027, provincial officials say the new incentive program is a key part of the government’s Minerals Strategy and Action Plan. They say the plan is designed to unlock the province’s mineral potential, support job creation and strengthen Alberta’s position as a destination for mineral development and processing.

According to the government, this strategy is said to be critical to Alberta and Canada’s ability to meet growing global demands for critical minerals while strengthening the province’s energy security and supply chains. Theprovince says this sector has the potential to create thousands of good-paying jobs and attract billions of dollars of investment.

“Minerals are essential to our economic future, energy security and global competitiveness,” said Brian Jean, Minister of Energy and Minerals, in a press release this week. “Alberta has an important role to play as a leading North American processor and refiner of critical minerals. These incentives will attract the needed jobs and investment to meet this demand.”

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