European Investment Bank and Canada team up to strengthen critical raw material resilience

• European Investment Bank (EIB) and the Government of Canada sign Letter of Intent to explore future cooperation on critical raw materials.
• Agreement opens the way for discussions on institutional arrangements that would enable the EIB to operate in Canada in line with the EU–Canada Strategic Partnership on Raw Materials.
• Potential EIB operations in Canada would support secure, sustainable and diversified supply chains essential for Europe’s green and digital transitions.

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Canada is a long‑standing, like‑minded partner for the European Union. As one of the world’s leading and most responsible producers of critical minerals, Canada brings large reserves, recognised mining expertise, and strong environmental and social standards," the EIB writes in a statement.

"This makes it a natural ally for the EU as it works to diversify and secure critical raw materials supply chains, reduce strategic dependencies, and strengthen economic security."

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