Quebec firm that produces minerals for electric cars gets $222M in federal funds


The federal authorities says it would make investments $222 million to assist a Quebec firm improve manufacturing of essential minerals for items equivalent to electric cars and batteries.

Prime Minister Justin Trudeau made the announcement immediately after visiting the Rio Tinto Fer et Titane facility in Sorel-Tracy, Que., about 90 kilometres northeast of Montreal.

Trudeau says the funding will come via the Strategic Innovation Fund and can enable the corporate to extend manufacturing of essential minerals equivalent to lithium, titanium and scandium.

He says the cash will assist the plant in central Quebec lower its emissions in half by 2030 by electrifying furnaces and chopping out coal.

The federal authorities says in a information launch that its funding will create as much as 150 jobs on the firm.

It provides that the funding will assist home and overseas clear know-how provide chains and assist make Canada the “world provider of selection” for the essential minerals and supplies wanted for the inexperienced, digital world financial system.

– This report by The Canadian Press was first printed Oct. 11, 2022.


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