Export Development Canada

BCI Minerals is an Australian-based company that is developing a salt and potash business supported by iron ore royalty earnings and divestment proceeds. BCI is focused on rapidly advancing its 100% owned Mardie Salt & Potash Project, a potential Tier 1 project located on the West Pilbara coast in the center of Australia's key salt production region. Mardie will produce high-purity NaCl salt and sulphate of potash (“SOP”) via solar evaporation of seawater. Using an inexhaustible resource and a production process powered mainly by natural solar and wind energy, Mardie is an exciting opportunity to supply the salt and potash growth markets in Asia sustainably over many decades. The long-term outlooks for both salt and SOP are positive. Salt is an essential mineral used extensively in modern life. High purity salt (>99.5% NaCl), which will be produced at Mardie, is used in chemical and industrial processes that create thousands of everyday products. Demand in this market segment, particularly in Asia, is expected to grow strongly over the next decade and result in a supply deficit. Increasing population and urbanisation requires more and better-quality food to be produced from less arable land. SOP is a premium fertiliser which provides two key nutrients – potassium and sulphur – to improve crop yields and drought resistance. SOP is mostly used on high value crops where yield increases deliver larger financial benefits. Following a positive Pre-Feasibility Study in 2018, a Definitive Feasibility Study on a 4Mtpa salt and 100ktpa SOP operation is underway and due to be completed by late 2019. Key approvals are expected to be in place by early 2020 and a Final Investment Decision is targeted by Q1 2020. BCI receives quarterly royalty earnings from Iron Valley, an iron ore mine located in the Central Pilbara region of Western Australia which is operated by Mineral Resources Limited (ASX:MIN) (95Mt JORC Ore Reserve1). BCI’s EBITDA from Iron Valley was ~$18M in FY17 and ~$6M in FY18. A process is underway for the divestment of BCI’s iron ore and exploration portfolio. The first transaction completed in December 2018, with the sale of the Kumina iron ore tenements to MIN for total consideration of A$35M cash, of which $8M is still to be received after operations commence.

Canada Nickel Company focuses on the exploration and development of nickel sulfide assets, catering primarily to the electric vehicle, green energy, and stainless steel markets. The company is committed to achieving zero-carbon production of nickel, cobalt, and iron at its flagship Crawford Project, which is located in the Timmins-Cochrane mining camp. Through its initiative, NetZero Metals Inc., Canada Nickel is working on innovative processes to produce NetZero Nickel, NetZero Cobalt, and NetZero Iron, aiming to minimize environmental impact. By concentrating on its wholly owned Crawford Nickel Sulphide Project, Canada Nickel offers investors a strategic opportunity in stable jurisdictions with low political risk, facilitating access to essential materials for the rapidly growing demand in various industries.

Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Sweden and Spain, producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Kokkola cobalt refinery located in Finland.

Antofagasta plc is a prominent Chilean copper mining company headquartered in London. Founded in 1888, it has established itself as one of the leading international copper producers, with its operations primarily centered in Chile. The company operates four major copper mines: Los Pelambres, Centinela, Antucoya, and Zaldívar, the latter being co-owned with Barrick Gold. In addition to copper, these mines produce significant by-products such as molybdenum, gold, and silver. Antofagasta also has a transport division, providing essential rail and road cargo services to the mining sector in northern Chile. With a strong focus on growth opportunities, the company continues to play a vital role in the mining industry, leveraging its extensive experience and resources to support global copper demand.

GeologicAI is a software company that focuses on providing solutions for the oil and gas industry. It has developed a cloud-based platform that facilitates the hosting, visualization, and analysis of geological and production data. The platform is particularly adept at generating and analyzing high-resolution geological data at the millimeter scale, which is essential for navigating the complexities of unconventional resource exploration and production. By offering valuable insights into reservoir characteristics, GeologicAI supports exploration and production companies in making informed decisions in both the oil and gas and mining sectors.

Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.

MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.