The Ontario government is putting $250,000 toward the creation of two battery production lines at a proposed new facility in the province’s north. The Electra Battery Materials Corporation said its future facility in Cobalt, Ontario could potentially supply more than 1.5 million electric vehicles and employ up to 250 people.
The government explained the production lines would be the first of their kind in Ontario. It will also help keep up with the demand for critical minerals that are necessary for electric vehicle production. The CEO and president of Electra Battery Material Corporations said it’s a good opportunity for northern Ontario.
Ontario is home to North America’s only battery-grade cobalt refinery, as well as an abundance of nickel and clean hydro-electric power. When Premier Doug Ford came to power in 2018, his government scrapped electric vehicle rebates. They also stopped building charging stations and dropped a requirement for new homes to include the wiring for potential EV chargers.
For more information about the source click HERE