Twenty innovative companies developing new technologies for the mining industry are sharing in $4.6 million in development funds from Sudbury’s Mining Innovation Commercialization Accelerator (MICA).
This marks the fourth cohort of funding from the pan-Canadian initiative that includes mining companies, industrial suppliers, academic organizations, researchers, and innovators.
Its goal is to speed up commercialization of technologies in five key areas: increasing mine production capacity at lower costs; reducing energy use and greenhouse gas emissions; implementing smart, autonomous mining systems; reducing environmental risks and liabilities; and advancing enabling technologies, critical minerals, circularity, and ESG (environment, social and governance).
“Today’s announcement reinforces our vision of MICA as Canada’s national network for mining innovation led by SMEs (small and medium enterprises),” Chamirai Charles Nyabeze, MICA’s director, said in a news release.
“We are proud of our pan-Canadian reach and of the groundbreaking technologies our members are advancing from coast to coast to coast. Supporting SMEs is not only vital for our economy— it is essential for accelerating the energy transition globally.
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