Conservative MPs are calling for a national security review of a Chinese company’s plan to acquire substantial shares in Vital Metals, a Canadian rare earth mining company. This move follows a recent government directive to exclude three Chinese firms from the Canadian critical mineral industry.
“China’s acquisition are once again threatening Canada’s economic security,” reads the statement.
“Conservatives demand that the Minister of Innovation, Science, Industry invoke the powers of the Investment Canada Act under section 25.3 immediately to review this deal to the maximum allowable timeline so we can protect Canadian resources and jobs from the control of the Chinese Communist Party [CCP].”
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