Government of Canada and Province of Ontario invest $10 Million to establish North America’s first cobalt refinery in Northern Ontario

Today, Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor, announced a Government of Canada investment of $5 million to accelerate domestic production of battery-grade cobalt sulfate, a required element needed to produce long-range electric vehicles (EVs). To support this priority project, the Honourable Greg Rickford, Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, announced a matching contribution of $5 million from the Province of Ontario.