In December 2024, Québec passed Bill 63, its first major Mining Act reform in over a decade. Key changes include enhanced transparency, stricter environmental standards, and better alignment with land use plans to maximize economic benefits. While these updates may slow permitting initially, they aim to build long-term sustainability and public trust.

At the federal level, new measures streamline approvals for critical mineral projects, reduce permitting delays, and improve Indigenous community participation. These changes position Canada as a leader in the green energy transition.

For royalty holders, faster project timelines and greater market confidence offer opportunities for new projects to come online, but stricter compliance obligations could pose headwinds. Staying informed is essential to adapt to this evolving landscape if you or your clients own prospective royalties in these regions.