Arizona Lithium Limited (ASX:AZL) has welcomed a series of major policy reforms announced by the Canadian Government aimed at strengthening the country's critical minerals sector and driving economic growth.
The national initiative, announced by Canadian Prime Minister Mark Carney, includes a suite of measures designed to accelerate project development and investment in critical mineral supply chains. Key elements of the policy include the removal of interprovincial trade barriers, streamlined project approvals through a new "One Project, One Review" framework, the creation of a "First Mile Fund" to boost early-stage investment, and improved labour mobility across provinces. The reforms also prioritise Northern development and increased participation by Indigenous communities.
These reforms align directly with Arizona Lithium's strategic priorities and will support the advancement of the Company's flagship Prairie Lithium Project in the resource-rich Williston Basin in Saskatchewan.
Commenting on this significant milestone for the Company's operations in Canada, Managing Director Paul Lloyd, confirmed:
"The Canadian Government's strong commitment to enabling investment, removing regulatory hurdles, and building a robust supply chain for critical minerals is a positive signal for the industry.
These initiatives not only create a more supportive environment for our Prairie Lithium Project, but also reinforce Canada's ambition to lead in the global energy transition. We're excited to play a key role in this effort while delivering benefits to local communities and the broader clean energy economy."
The Prairie Lithium Project is wholly owned by Arizona Lithium and is one of the most advanced lithium brine projects in Canada. It spans over 345,000 acres of mineral rights and hosts an operational Direct Lithium Extraction (DLE) pilot plant currently producing lithium chloride.
A Pre-Feasibility Study is underway, with the Project expected to contribute significantly to North America's future lithium supply, critical for electric vehicle batteries and renewable energy storage.
Arizona Lithium is committed to working closely with Canadian federal and provincial governments, as well as local communities and Indigenous groups, to ensure the Prairie Project delivers long-term economic and environmental value.
