Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.
Portugal already has the largest copper mine in the European Union, operated by Lundin Mining.
Jakarta has asked Washington for a critical mineral trade deal similar to the US deal with Japan.
Oversupply and weak prices of materials such as lithium, cobalt and rare earths are dampening cash flows of Western start-ups.
