Government of Canada investing $5M for EV supply chain
The Federal Economic Development Agency for Northern Ontario (FedNor) announced Friday it is investing $5 million to support the continued expansion of Electra Battery Materials Corporation’s cobalt refinery in North Cobalt. “Once complete, the refinery will be capable of producing cobalt for up to 1.5 million electric vehicles annually,” the release stated. The funding builds on FedNor’s initial investment of $5 million, announced in 2020.