18:41:15 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



SRG Mining Inc
Symbol SRG
Shares Issued 117,000,000
Close 2024-04-08 C$ 0.50
Market Cap C$ 58,500,000
Recent Sedar Documents

Globe says SRG Mining not alone in investment confusion

2024-04-08 07:44 ET - In the News

The Globe and Mail reports in its Saturday edition that confusion about whether Chinese investment is welcome in the Canadian critical minerals sector is fuelling investor uncertainty. The Globe's Niall McGee writes that in late 2022, Ottawa said it would allow investment from China only under exceptional circumstances, but it did not specify what those circumstances would be. In the absence of clarity over what is and is not allowed, Chinese investors have continued to attempt deals with Canadian mining companies. Meanwhile, some deals that Ottawa has permitted have baffled experts, as have some that were blocked. Late last year, China-based Shenghe Resources acquired a 10-per-cent interest in Australia-based Vital Metals, which owns Canada's only operating rare earths mine. Shenghe was also allowed to purchase Vital's stockpile of rare earths that were mined in the Northwest Territories. Last summer, SRG Mining attracted a prospective investment from China. The graphite company went through the early stages of a national security review, and the government apparently had concerns. Late in the year, SRG said it intended to redomicile outside of Canada, at which point the feds stepped in to stop that from happening.

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