Photo: In June 2026, about 120 people gathered at the Nashwaak River to protest the Sisson Mine. Photo by Joan Green. Also see video by CBC News.
CBC News reports: “More than 1,000 demonstrators gathered in downtown Toronto yesterday [September 14] to protest against the summit, arguing Canada’s economic future should not be put in the hands of CEOs.”
About 100 large state and institutional investors were invited to the summit, including thirty-three investor groups from the United States, nine from the United Kingdom, eight from France, and one from Norway.
A “pitch book” has been circulated to the investors at the Canada Investment Summit to seek their investment in these major projects.
CBC has also noted this prospectus includes “167 possible investment opportunities” divided into eight areas of investment including “63 in mining and metals” and “19 in advanced manufacturing”.
Minerals and Metals for military production
The “minerals and metals” projects in the “pitch book” include projects with “defence” applications highlighted, such as:
-The Vancouver, BC-based Northcliff Resources – Sisson Tungsten-Molybdenum Project on Wolastoq territory in New Brunswick (US $600 million): “The Sisson Project is a large-scale tungsten and molybdenum development located near Fredericton, New Brunswick. As one of Canada’s most advanced tungsten projects, it is positioned to strengthen North American supply chains for critical minerals while supporting domestic manufacturing and industrial capacity.”
-The Vancouver, BC-based Fireweed Metals – Mactung Tungsten Project located within the traditional territories the Kaska Dena Nation and the First Nation of Na-cho Nyäk Dun, as well as the Sahtu Settlement Area in the Yukon and the Northwest Territories (capital expenditure figure not available): “A near-term mine development opportunity in Yukon and one of the world’s largest high-grade tungsten deposits. Supported by a U.S. Defense Production Act award, Fireweed is advancing the project through feasibility work and regulatory approvals to support future tungsten supply diversification for North American and European processing markets.”
-The Kerkrade, Netherlands-based Liminal – Becancour Cobalt Facility on the south shore of the St. Lawrence River in Bécancour, Quebec (US $250 million): “The planned high purity processing facility is based on patented and de-risked flowsheet and mature industrial processing technologies. Phase I production targets 3,300 tonnes annually of alloy-grade cobalt metal for aerospace/defence applications.”
The U.S. Department of War has provided US $15 million to Northcliff for the Sisson project, and US $15.8 million Fireweed Metals Corp. for the Mactung site. The U.S. Department of War has also provided US $20 million to Electra Battery Materials Corporation, a company that in August 2024 was reportedly “contemplating a second cobalt sulfate facility in Bécancour, Quebec.”
Sisson Project
While the Sisson Project description in the Canada Investment Summit pitch book does not explicitly note its military applications, Indigenous Wolastoqey land defenders have rejected the proposed Sisson open-pit tungsten mine and weapons production.
In July 2025, the NB Media Co-op reported: “[The] news [of the mine] has provoked indignation from Indigenous Elders who oppose the project, including Wolastoq Grand Chief Ron Tremblay. The Wolastoqey Grand Council represents a traditional governance structure with a grassroots constituency.”
That article continues: “Tremblay said the Wolastoq Grand Council rejects activities contributing to war and what he called the ‘continuum of genocide’ in places such as the Gaza Strip and the West Bank. …[Alma Brooks, a Wolastoq Elder also] pointed to Israel’s prolonged and devastating U.S.-backed assault on the Gaza Strip, ‘a genocide that’s happening right under the nose of the world’…”
Advanced Manufacturing with military applications
The list of “advanced manufacturing” projects also includes companies that manufacture defence microgrids, ammunition propellant products, night-vision components used in modern military systems:
-The Montague, PEI-based AKA Energy Systems – AKA Defense Systems (US $105 million): “A proposed expansion of its 100,000 square foot manufacturing facility in Prince Edward Island will establish a Canadian defence power systems manufacturing and engineering capability, supporting the design, production, integration and testing of naval power and propulsion systems, defence microgrids, battery systems, alternative-fuel technologies and autonomous energy systems.”
-The Saskatoon, SK-based CellCore Technologies – Sovereign Energetics Platform (US $220 million): “This defence manufacturing project will establish Canada’s first domestic source of military-grade nitrocellulose and propellant products, supporting ammunition production for Canadian and allied markets. Phase I will have a 6,000-tonne annual single-base production line.”
-The Woodbridge, ON-based GSCI – Northern Vision (US $150 million): “Project NORTHERN VISION will establish Canada’s first sovereign manufacturing capability for critical night-vision and electro-optic components used in modern military systems.”
AKA Energy Systems, CellCore Technologies and GSCI all attended the CANSEC arms show in Ottawa in May 2026.
We continue to follow this.
Additional reading: Wolastoqey land defenders reject the proposed Sisson open-pit tungsten mine and weapons production (PBI-Canada, December 2, 2025).
