Updated June 2026 · Verified against Invest Ontario (Ministry of Economic Development, Job Creation and Trade) guidelines
✨ New Program Mixed (Advance + Reimb.) Est. 2025
Program Provincial Active

Ontario Critical Minerals Processing Fund (CMPF)

Invest Ontario (Ministry of Economic Development, Job Creation and Trade)
Maximum Funding
Up to $500M
Ongoing — applications by engagement with Invest Ontario; fund open until cap...
Visit Official Program →
Difficulty
Hard
Payment
Mixed (Advance + Reimb.)
Trend
New Program
First-Timers
Co-Funding
Varies
Ontario Critical Minerals Processing Fund (CMPF) provides Up to $500M total fund; per-project amounts negotiated with Invest Ontario based on capital investment size, job creation, and strategic importance. A dedicated $500-million Ontario provincial fund to attract and support investment in critical-minerals processing, refining, and recovery operations in Ontario. Applications are accepted on an ongoing basis. (As of June 2026, verified against Invest Ontario (Ministry of Economic Development, Job Creation and Trade) program guidelines)
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Eligibility & Details

What this program funds and who can apply

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Program Description

A dedicated $500-million Ontario provincial fund to attract and support investment in critical-minerals processing, refining, and recovery operations in Ontario. Launched December 2025 through Invest Ontario, the fund provides negotiated direct financial support to businesses building, expanding, or modernizing facilities that process or refine critical minerals — including those used in EV batteries, defence, aerospace, and advanced manufacturing supply chains. This is a project-finance and incentive program, not a traditional grant application — businesses engage Invest Ontario directly to structure a tailored support package.

Eligibility Requirements

  • Businesses proposing to build, expand, or modernize critical-minerals processing, refining, or recovery operations in Ontario
  • Project must involve critical minerals relevant to strategic supply chains (EV batteries, defence, aerospace, advanced manufacturing, semiconductors)
  • Project must create or retain significant Ontario jobs
  • Must demonstrate economic benefit to Ontario — not pure financial engineering
  • Foreign-owned companies are eligible if the project is Ontario-based and creates Ontario jobs
  • Sector exclusions and minimum project thresholds apply — confirmed by engaging Invest Ontario directly
Provinces
Industries
Manufacturing Natural Resources Clean Technology Automotive
Business Stage
Growth Expansion Established

Quick Assessment

Difficulty
Hard
Competition
High
Est. Hours
200h
First-Timer
Not rated

Funding Details

Amount
Up to $500M total fund; per-project amounts negotiated with Invest Ontario based on capital investment size, job creation, and strategic importance
Type
Program
Level
Provincial
Deadline
Ongoing — applications by engagement with Invest Ontario; fund open until capital is allocated

Program Scorecard

Competition, effort, and approval at a glance

Hybrid
Competition
High
Effort
~200 hours
Approval
Varies
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook

Everything you need to win CMPF — $19

Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.

Consultants charge $2,000–$5,000 per program. This Playbook is $19. Yours forever.

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How to Win

Insider tips, common pitfalls, and what successful applicants look like

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Insider Tip

This fund targets large strategic investments — it is not designed for small processing operations or early-stage projects without significant capital and job-creation commitments. Engage Invest Ontario early through their 'Start a Conversation' portal at investontario.ca — they act as a deal-structuring partner, not just a grants office, and will help determine the most appropriate support mechanism (direct financial support, loan guarantee, equity, or a combination). Having an anchor customer (automaker, tier-1 aerospace supplier, defence prime) dramatically strengthens the case. The CMPF complements the federal Critical Minerals Infrastructure Fund (CMIF) — combining provincial CMPF with federal support is the expected model for major projects.

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Rejection Pitfalls 6

  • Project does not involve critical minerals processing, refining, or recovery (e.g. primary mining extraction only)
  • Project is outside Ontario
  • Insufficient scale of capital investment or job creation relative to fund priorities
+3 more pitfalls
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Success Profile

Large Ontario-based or foreign-owned businesses with committed capital investment plans for processing or refining operations involving battery-grade minerals (lithium, nickel, cobalt, manganese), rare earth elements, or other critical minerals essential to EV, defence, aerospace, or semiconductor supply chains. Businesses with anchor customer agreements (automakers, defence primes), environmental approvals in progress, and significant Ontario job-creation plans are the target profile.

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Evaluation Criteria

Invest Ontario evaluates projects on: strategic importance of the critical mineral to Ontario's supply chain priorities (EV battery materials, defence/aerospace minerals), scale of capital investment and Ontario job creation, financial viability and committed equity from the applicant, progress on environmental approvals and permits, and the existence of anchor customer relationships. Projects are evaluated qualitatively by Invest Ontario's investment team — not scored against a published rubric.

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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Contact Invest Ontario to initiate a conversation Start at investontario.ca and use the 'Start a Conversation' or 'Contact Us' function to connect with an Invest Ontario advisor. Describe your project scope, critical mineral type, and investment scale.
2 Submit a project concept for initial screening Prepare a concise project description covering: the critical mineral being processed, planned facility location in Ontario, estimated capital investment, job creation plan, and anchor customer relationships.
3 Engage in structured due diligence with Invest Ontario Invest Ontario will request detailed financial models, engineering plans, environmental permits (or a permitting roadmap), and evidence of market demand. This phase can take 3-6 months for complex projects.
4 Negotiate the support structure Invest Ontario will propose a tailored financing package — which may include direct grants, conditional contributions, loan guarantees, or other mechanisms. Negotiate terms with legal and financial advisors.
5 Execute funding agreement and begin drawdowns Sign the binding funding agreement with Invest Ontario. Funding is typically disbursed against project milestones (design completion, construction commencement, commissioning, first production, employment targets met).

Required Documents 8

Initial contact with Invest Ontario regional advisor or through investontario.ca
Project description: nature of critical mineral processing/refining activity and strategic supply chain connection
Capital investment plan and project budget
Job creation and retention plan (Ontario employment impact)
Financial model and project feasibility analysis
Corporate structure and ownership information
Environmental approvals and permitting plan (if applicable)
Letters of intent or contracts from anchor customers (if available)

Eligible Expenses 5

  • Construction and acquisition of critical minerals processing or refining facilities in Ontario
  • Machinery and equipment for processing, refining, or recovery of critical minerals
  • Engineering and design costs for processing facility development
  • Environmental assessment and permitting costs related to the processing project
  • Working capital for ramp-up of qualifying processing operations

Ineligible Expenses 4

  • Primary mineral extraction (mining) without a processing component
  • Retail, commercial, or residential real estate development
  • Projects outside Ontario
  • Financial engineering or debt refinancing unrelated to new processing capacity

Intake Periods

Rolling — no intake windows. Businesses engage Invest Ontario at any time.

Deadline Notes

Fund launched December 12, 2025 with no published sunset date or application deadline. Invest Ontario evaluates projects on a rolling basis as capital requests come in. Businesses should engage early — large strategic projects may take 6-18 months from initial engagement to funding agreement. The fund is active as long as the $500M pool has remaining capacity.

Open Application Portal →

Ineligible Organizations

  • Companies without a credible Ontario-based processing or refining project
  • Primary mining companies without a processing or refining component
  • Non-profit organizations
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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Compatible Programs

Combined Funding Potential See your total funding potential

Clawback Risk

High Risk

Invest Ontario funding agreements typically include clawback provisions if the company fails to meet Ontario employment commitments, closes or relocates the funded facility, or fails to achieve agreed project milestones. Specific clawback conditions are negotiated per deal — review the funding agreement carefully before signing.

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Stacking amounts, clawback details, government stacking limits, and tax implications
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How CMPF Compares

Side-by-side with similar programs

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Program Amount Difficulty Payment Deadline
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Strategic Response Fund (formerly Str... Up to $50 million Hard Mixed (Advance + Reimb.) Ongoing — continuous...

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