The inside of a cobalt refinery in Temiskaming Shores. Electra Battery Materials plans to expand the facility so it can also recycle lithium ion batteries used in electric vehicles.
The Pentagon on Tuesday announced a $20 million US grant to create a cobalt refinery in northern Ontario's Temiskaming Shores, with Canada contributing almost $5 million Cdn of its own to the project.The inside of a cobalt refinery in Temiskaming Shores. The U.S. military announced it would spend $20 million US to build a new refinery in Ontario. The U.S. military has made its largest move so far in a novel national-security effort to fund mining initiatives in Canada.
The effort is a first of its kind since the Second World War, when the U.S., desperate for aluminum to power its military arsenal, helped fund the expansion of Quebec's aluminum industry.U.S. offers cash to Canadian critical minerals projects during Biden's visit The first two U.S. announcements earlier this year went to mining and processing projects for copper, gold, graphite and cobalt in Quebec and the Northwest Territories; those two earlier grants were for a combined total of less than $15 million US.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court sides with province on Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »
Judge dismisses court challenge to stop Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »
B.C. provides $20M to expand travel, accommodation funding for cancer patientsVICTORIA — The British Columbia government is providing $20 million over two years to support travel and lodging for cancer patients in the province.
Read more »
B.C. provides $20M to expand travel, accommodation funding for cancer patientsVICTORIA — The British Columbia government is providing $20 million over two years to support travel and lodging for cancer patients in the province.
Read more »
Precision Drilling earns $20M in 2nd quarterRevenue for the quarter was $429.2 million, up from $425.6 million during the same quarter last year.
Read more »
‘Blind Side’ family accuses Michael Oher of $20M ‘shakedown’ attemptSean and Leigh Anne Tuohy have spoken out against claims that they tricked former NFL tackle Michael Oher into a conservatorship instead of adopting him, and made millions off his name while he received nothing. Oher accused the Tuohy family of this, and more, in a suit filed Monday seeking to terminate the conservatorship.
Read more »