Federal industry minister Champagne slams SRG Mining’s attempts to skirt national security review in proposed deal with China buyer

News Snapshot:

Federal Industry Minister François-Philippe Champagne says SRG Mining Inc.’s attempt to skirt a national security review around a deal to sell a stake in a critical minerals project to a Chinese buyer is far from a fait accompli. Montreal-based SRG Mining last summer announced that China-based Carbon ONE New Energy Group Co. Ltd. was buying a 19.4-per-cent stake in its Lola graphite project in West Africa for $16.9-million. A few weeks ago, the company said it is planning on redomiciling to the Middle East in a legal manoeuvre that would negate the requirement to be subject to a national security...