Empowering Women to Invest in Mining
As we look at the future of Canadian mining, there’s one aspect we haven’t paid enough attention to: women’s participation at the ownership level. While we've made strides in increasing women’s representation as employees in the mining industry, from engineers to executives, we have yet to focus on equipping women to take an active role as investors and owners in the sector. This is an area ripe for growth, and it’s time we change that narrative.
Over the next decade, women’s financial influence is expected to grow significantly. According to a recent study, Canadian women are set to control approximately 50% of the country’s wealth by 2030. Yet, despite this increasing financial power, women are still underrepresented in investment decision-making, especially in sectors like mining. As we work towards building a more inclusive and sustainable economy, we need to bridge this gap by providing greater education and resources for women to confidently invest in industries like mining, where the opportunities for growth are vast.
The mining industry in Canada is on the brink of significant expansion, driven by the demand for critical minerals essential for the energy transition. Canada’s Critical Minerals Strategy is a key pillar of this growth, positioning the country as a leader in producing the resources needed for batteries, electric vehicles, and clean technologies. This strategic focus presents a unique opportunity for investors—including women—to enter the market at a time of profound transformation.
However, education is key. Historically, women have not had the same access to investment knowledge or networks, particularly in male-dominated industries like mining. We need to create pathways that empower women not just to work in these industries but to own a stake in them. Ownership brings influence, and with greater participation from women at the ownership level, we can ensure more diverse perspectives in decision-making that will drive innovation and responsible practices.
According to McKinsey’s 2024 report on women in the workforce, while women’s participation in leadership roles has seen some improvement, there is still a considerable gap at the top, particularly in industries like mining. This trend extends to ownership and investment as well. Encouragingly, however, more women are seeking investment opportunities, and with the right support, they could become key players in driving the future of mining.
Aligning women’s investment opportunities with Canada’s Critical Minerals Strategy is not just about gender equity—it’s about smart investing. The demand for critical minerals will only grow in the coming years, and the mining sector, with its focus on sustainable and responsible practices, presents a sound investment opportunity. Women who invest now can position themselves as leaders in an industry poised for growth, while contributing to Canada’s broader economic and environmental goals.
Resources for Women Interested in Investing
For women looking to start or expand their investment portfolios in the mining sector, there are several resources available that provide education, networking, and support:
West Coast Angel Network : This network offers education courses specifically designed for women interested in angel investing. Their programs cover the basics of investment, how to evaluate opportunities, and strategies for building a diverse portfolio. Engaging with these courses can provide a solid foundation for those looking to invest in sectors like mining.
Female Invest : This platform offers a wealth of literature and courses aimed at empowering women to take control of their financial futures. With a focus on breaking down complex financial concepts, Female Invest provides valuable insights into various industries, including mining, and helps women make informed investment decisions.
The51 : A Canadian-based initiative, The51 is a financial feminist movement that focuses on increasing women’s access to capital and investment opportunities. Through their investment fund and community, The51 supports women entrepreneurs and investors, offering a powerful network for those interested in sectors like mining.
These resources are excellent starting points for women who want to learn more about investing, particularly in industries like mining, where their influence can drive positive change.
It’s time to shift the conversation. Women have long been part of the mining industry’s workforce, but we need to expand that vision to include women as owners and investors. By providing the right education, resources, and opportunities, we can foster a new generation of women investors who will help shape the future of mining in Canada.
