Ontario will contribute $500 million for the plant’s construction and the federal government will add another $700 million
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“There are companies that are needed. These will be billion-dollar companies needed to make cathode, anode separator, copper foil and lithium hydroxide,” he said. Fedeli said in addition to the financial investment, Ontario offers close access to critical minerals, an educated workforce and carbon-free electricity.
Federal Industry Minister François-Philippe Champagne defended the $13-billion federal subsidy and said it would pay off.
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