A $100 million investment from Electra Battery Materials will help establish what the province calls a ‘landmark’ cobalt sulphate refinery in Temiskaming Shores.
“Building manufacturing capabilities for domestically sourced resources secures supply chains and strengthens the province at a critical time of economic uncertainty,” says George Pirie, Timmins MPP and Minister of Northern Economic Development and Growth. “A prosperous North is integral for a prosperous Ontario, and this new facility brings good jobs and opportunities that underscore the economic potential of investing in Northern Ontario.”
According to the province it will be the first facility of its kind in North America – and increase domestic critical mineral processing capacity.
Vic Fedeli, Nipissing MPP and Minister of Economic Development, Job Creation and Trade says the government is building a strong, self-reliant economy that integrates Northern Ontario’s vast mineral wealth with Southern Ontario’s manufacturing might.
“Electra’s investment in Temiskaming Shores will establish an integral link in the province’s critical mineral processing supply chains and fuel the next stages of Ontario’s leadership in electric vehicle battery manufacturing,” he says.
Once fully operational the refinery will support the production of nearly 6,500 tonnes of cobalt a year.
The province is also investing $17.5 million into the operation through the Invest Ontario Fund.
