Umicore Rechargeable Battery Materials Canada Inc.

$551,349,400.00 CAD

≈ $13.31 for every person in Canada ≈ 7,126 Canadians' average pay for a year

Department: Innovation, Science and Economic Development Canada
Program: SIF Stream 3 - Attraction
Recipient country: Canada
Fiscal year: 2023-2024
Agreement period: September 15, 2023 – December 31, 2042
Reference: ic:033-2023-2024-Q2-514586

Published purpose

This project will create a greenfield manufacturing facility for cathode active battery materials (CAM) and their precursor materials (pCAM) in Loyalist Tonwship, Ontario. The project’s work phase is scheduled to end on March 31, 2029.

In plain English AI-generated

This project funds the construction of a new manufacturing plant in Loyalist Township, Ontario, to produce cathode active battery materials and their precursors.

Category: Infrastructure Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported August 3, 2026 from open.canada.ca Grants & Contributions