THE Philippines has secured $2.2 billion (P124 billion) in investment pledges from seven Canadian critical minerals and energy companies, the Department of Trade and Industry (DTI) said on Thursday.
The commitments emerged from a July 3 roundtable led by President Ferdinand Marcos Jr. and Trade Secretary Cristina Roque, where each firm presented investment plans.
Participating companies were OceanaGold, B2Gold Corp., CVMR Corp., Emergent Waste Solutions, AtkinsRéalis, Electra Batteries and Hatch Ltd.
OceanaGold made the largest proposal with a $75-million investment program for this year, projecting cumulative investments of $1.958 billion in its Philippine operations through 2037.
B2Gold announced a $13.9-million expansion of its Masbate Gold Project, covering additional mineral exploration and a 10-megawatt solar facility expansion.
CVMR Corp. proposed modular nickel refineries worth $175.3 million each to process locally mined nickel into battery-grade materials.
Emergent Waste Solutions introduced waste-to-value facilities requiring more than $60 million per plant, along with technology transfer and workforce training.
AtkinsRéalis presented its civil nuclear technology expertise to support the Philippines’ clean energy goals, while Electra Batteries and Hatch Ltd. explored partnerships in critical minerals, battery materials and industrial infrastructure.
Roque said the Philippines is ready to partner with Canadian firms across the mining and critical minerals value chain, emphasizing a commitment to environmental stewardship, governance and community engagement.
The talks are part of broader government efforts to position the Philippines as a preferred destination for critical minerals, clean energy and advanced manufacturing investments.
Bilateral merchandise trade between the Philippines and Canada reached $3.4 billion in 2025, with the Philippines ranking as Canada’s sixth-largest merchandise export market in Asean.
