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    Carney offers Italy priority access to critical minerals: project and offtake lens for miners

    June 16, 2026|

    Reviewed by Joe Ashwell

    Carney offers Italy priority access to critical minerals: project and offtake lens for miners

    First reported on MINING.com

    30 Second Briefing

    Canada has granted Italy priority access to its critical mineral reserves, reinforcing a year of bilateral deals including Eni’s nearly C$100 million offtake-linked investment in Nouveau Monde Graphite’s Matawinie graphite project in Québec and Italy’s entry into the Critical Minerals Production Alliance. Rome plans to collaborate with Ottawa on stockpiling, with a clear focus on battery metals and defence-related inputs such as graphite, nickel and rare earths. Parallel talks cover Canada’s planned purchase of Leonardo M‑346 advanced jet trainers and a proposed Defence, Security and Resilience Bank to finance long-term defence projects.

    Technical Brief

    • Offer was made during Carney–Meloni bilateral talks at the G7 summit in Évian, France.
    • Priority access explicitly covers minerals for battery manufacturing, defence technologies and wider industrial production.
    • Canada is positioning itself as a “core supplier” to G7 allies seeking to diversify mineral sourcing.
    • Italian government framed the arrangement as a supply-chain security measure, not just a commercial offtake.
    • Carney linked mineral access to a wider Defence Industrial Strategy, tying resource security to defence procurement.
    • Negotiations include Canada’s potential purchase of Leonardo M‑346 advanced jet trainers to upgrade RCAF training.
    • A proposed Defence, Security and Resilience Bank would provide long-term finance for defence and security projects linked to these supply chains.

    Our Take

    Eni’s nearly C$100 million move to secure graphite from Nouveau Monde Graphite’s Matawinie project builds on the April 2026 equity deal where Eni took a 12% stake in NMG, signalling that Italy is tying upstream offtake and corporate influence together to lock in battery‑grade supply from Québec.

    Our database shows several recent Québec graphite items, including Metals Australia’s planned Baie‑Comeau refinery, which means Italy’s priority access via Matawinie will still have to compete with other downstream processors and traders positioning around Canadian flake and anode‑grade graphite.

    With Canada’s federal financing arms already backing Matawinie and other critical minerals projects, the Italy–Canada graphite link highlighted here suggests future Italian access to ‘critical minerals’ may lean heavily on Canadian state‑supported supply chains rather than new greenfield options in higher‑risk jurisdictions like Congo.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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