“No National Security Risks”: Trudeau Admin Turns Blind Eye To Chinese Takeover Of Canadian Lithium Miner
According to Justin Trudeau’s liberal administration, the Chinese takeover of a lithium mine located headquartered in Toronto “poses no national security risks whatsoever,” according to a report by True North.
The report comes after Neo Lithium Corp. was purchased by Zijin Mining Group Co. without a national security review. Neo Lithium spokesperson Carlos Vicens said last month that the government had only conducted a brief security screening of the potential purchase, stating: “The law states they have 45 days after announcement to start a review if they believe there is a specific concern. The timeline passed in early December and no review was done.”
Industry minister François-Philippe Champagne told True North: “This transaction was absolutely reviewed to make sure there was no security risk.”
Zijjin Mining acquired the company for $960 million. Neo Lithium “has developed one of the world’s largest overseas lithium brine projects in Argentina,” the report says. – READ MORE
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