Nevada Governor Joe Lombardo and Ontario Premier Doug Ford signed an Economic Cooperation Memorandum of Understanding (MOU) in Toronto today related to critical minerals and green energy projects.
“This agreement is based on our region’s strong mining sectors,” said Governor Lombardo. “It is in the mutual best interests of Nevada and Ontario to cooperate and work together to expand our economic partnership. Working together we can maximize emerging export opportunities.”
“This new agreement will help Ontario and Nevada attract new investments and provide businesses and entrepreneurs opportunities for new markets for their products and services,” said Premier Ford. “Our government is hard at work, developing new economic partnerships with jurisdictions across North America and around the world to create new jobs and a stronger, more resilient economy.”
The MOU between Nevada and Ontario pledges the promotion and facilitation of bilateral trade and investment in the following areas:
- Battery and Electric Vehicle Technology development and commercialization.
- Mining development and mining technology implementation.
- Renewable and Green Energy development, implementation, and storage.
- Strategic supply chain and reshoring opportunities for mining and critical minerals.
Nevada and Ontario have also pledged to work together to seek other joint initiatives, investment, and include the private sector. The MOU also recognizes the benefits of ongoing regular contacts between them to promote trade and economic development and environmental cooperation and to identify areas in which there are opportunities for cooperation.
The Governor’s Office of Economic Development strategy was released earlier this year, Realizing Nevada’s Electric, Innovative, and Connected Future: 5-Year Comprehensive Economic Strategy. The State’s quickly growing clean tech industry, innovations, and investments have positioned Nevada to lead the U.S. in strengthening critical supply chains and securing energy independence.
Our ED, Marla is in Toronto today for this announcement and to meet with Nevada Governor Joe Lombardo.