One of those projects is in the Ring of Fire region in northern Ontario, which Premier Doug Ford’s government believes has “multi-generational potential” to produce minerals such as nickel and copper that are currently in high demand as countries look to accelerate the shift away from fossil fuels.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Wyloo Metals Pty. Ltd.’s Eagle’s Nest project in the Ring of Fire region in northern Ontario. The deposit contains nickel, copper, platinum and palladium.Toronto-based Electra Battery Materials Corp. is another company that has had “preliminary discussions” with the U.S. Department of Defense. In September, the company inked itswhen it signed a deal to supply LG Energy Solution Ltd., a global lithium-ion battery maker, with 7,000 tonnes of cobalt from its Ontario refinery.
Lithium miner Avalon Advanced Materials Inc., based in Toronto, also had talks with the U.S. Department of Defense. “The capital-intensive nature of our projects and moving them at the requisite speed is a sizeable challenge,” said Zeeshan Syed, the company’s vice-president of external affairs. “Our U.S. colleagues quite clearly understand they may have a role to play to help fortify North America as a dominant player.
Shull was referring to the series of steps taken by the U.S. and Canada to ensure EV production occurs close to home, or at least in places where they wield influence.that foreigners must clear to join Canada’s critical minerals industry, saying any attempt by a state-owned enterprise to purchase assets in the sector can now trigger a section of the Investment Canada Act that determines whether deals that could be “injurious to national security” require lengthy reviews.
Interesting ....
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fpinvesting - 🏆 43. / 63 Read more »