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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's government on Monday announced the C$1.5 billion (US$1.1 billion) Critical Minerals Infrastructure Fund (CMIF), which provides funding over seven years to support the processing, mining and recycling of Canada's critical minerals as well as related infrastructure and transportation projects.
Minister of Energy and Natural Resources Jonathan Wilkinson announced the launch of the first call for proposals (CFP) of the fund, which includes up to C$300 million (US$219 million) under two avenues: the Pre-construction and Project Development Stream and the Infrastructure Deployment Stream. The former refers to activities such as studies, planning and design work, while the latter funds shovel-ready projects, including site preparation and construction.
Within each stream there are two types of eligible projects. Clean energy infrastructure refers to projects that include the development or expansion of critical mineral resource production and mine-site infrastructure (e.g., grid connection, demonstration and deployment of renewable or alternative energy technologies and battery storage projects). Meanwhile, transportation infrastructure refers to projects for roads, rail or marine transportation that connect mines to value chains, including processing facilities and transportation systems that provide access to global markets.
Nongovernmental applicants can seek up to C$50 million (US$36.5 million) per project, and provincial and territorial governments investing in public projects can seek up to C$100 million (US$73 million). Applications for the first CFP must be submitted by late February 2024.
Canada has a list of 31 minerals it considers to the "critical," including lithium, graphite, nickel, cobalt, copper, and rare earth elements.
According to the related press release, "by investing in the foundational and enabling infrastructure needed to develop critical minerals projects, Canada is helping to realize immense economic opportunities all along the value chain, from exploration and sustainable extraction to processing, advanced manufacturing and recycling, while simultaneously supporting the development of clean technologies essential to achieve a global net-zero-emissions economy."
Among related projects being tracked by Industrial Info is construction of a US$250 million lithium-ion battery recycling plant in Quebec, which is expected to wrap up by the end of the year, through a partnership between Lithion Technologies' (formerly Lithion Recycling Inc.) (Quebec) and General Motors Company (NYSE:GM) (Detroit, Michigan). GM invested in the project earlier this year to utilize Lithion's recovered battery materials to produce new batteries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Industry Project Database can read more information in a detailed project report.
Expected to wrap up in January is construction of Stelco Incorporated (Hamilton, Canada) and Primobius gmbh's (Hilchenbach, Germany) lithium-ion battery recycling demonstration plant at the site of Stelco's Lake Erie Works Steel Mill in Nanticoke, Ontario. The 20,000-ton-per-year facility will produce up to 18,400 net tons per year of nickel, manganese and cobalt sulphates, and lithium hydroxide and carbonate, according to a Stelco press release. This will lead to the construction of a commercial-scale US$160 million battery recycling plant, which is expected to wrap up at the end of 2024. Subscribers can read more information on the demonstration and commercial-scale projects.
In terms of mining projects, Industrial Info is tracking an upgrade/expansion of infrastructural facilities at Sayona Mining Limited (Milton, Queensland) and joint-venture partner Piedmont Lithium's (NASDAQ:PLL) (Bessemer City, North Carolina) North American Lithium (NAL) operation in Quebec. The upgrade/expansion project, expected to wrap up in mid-2025, is aimed at accommodating the site's efforts to boost the open pit mine's capacity to 10 million tons per year. Ultimately, the NAL operation aims to convert more than 190,000 tons per year of lithium spodumene concentrate into 23,610 tons per year of battery-grade lithium carbonate over a 16-year operational life. Subscribers can read a detailed report on the infrastructure project.
NAL restarted earlier this year after it was placed under care and maintenance by a previous owner in 2019, and the first commercial shipment of lithium spodumene concentrate was sold earlier this year. For more information on the NAL operation and other lithium projects in Canada, see August 4, 2023, article - Canada Lithium Mine Begins Commercial Shipments.
In March, engineering, procurement and construction (EPC) company Samsung Engineering & Construction (Songnam-si, Korea) expects to begin construction of a US$500+ million restart and expansion of Volta Energy Solutions' (VES) copper foil plant in Granby, Quebec, which closed in 2025. The project aims to restart the current 25,000-ton-per-year operation to ultimately expand production to 63,000 tons per year; 70% of the copper foils will be supplied to Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas) for the production of its 4680 battery cell. VES is the European subsidiary of Solus Advanced Materials (South Korea). Subscribers can read detailed reports on the initial restart and proposed expansion.
Joe Govreau, Industrial Info's vice president of research for the Metals & Minerals Industry, expects the global energy transition to affect mining project activity worldwide. For more information, see Industrial Info's July 20, 2023, article - IIR Webinar: Geopolitics, Resource Nationalism, ESG Initiatives Affect Mining Spending.
Subscribers to the GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Minister of Energy and Natural Resources Jonathan Wilkinson announced the launch of the first call for proposals (CFP) of the fund, which includes up to C$300 million (US$219 million) under two avenues: the Pre-construction and Project Development Stream and the Infrastructure Deployment Stream. The former refers to activities such as studies, planning and design work, while the latter funds shovel-ready projects, including site preparation and construction.
Within each stream there are two types of eligible projects. Clean energy infrastructure refers to projects that include the development or expansion of critical mineral resource production and mine-site infrastructure (e.g., grid connection, demonstration and deployment of renewable or alternative energy technologies and battery storage projects). Meanwhile, transportation infrastructure refers to projects for roads, rail or marine transportation that connect mines to value chains, including processing facilities and transportation systems that provide access to global markets.
Nongovernmental applicants can seek up to C$50 million (US$36.5 million) per project, and provincial and territorial governments investing in public projects can seek up to C$100 million (US$73 million). Applications for the first CFP must be submitted by late February 2024.
Canada has a list of 31 minerals it considers to the "critical," including lithium, graphite, nickel, cobalt, copper, and rare earth elements.
According to the related press release, "by investing in the foundational and enabling infrastructure needed to develop critical minerals projects, Canada is helping to realize immense economic opportunities all along the value chain, from exploration and sustainable extraction to processing, advanced manufacturing and recycling, while simultaneously supporting the development of clean technologies essential to achieve a global net-zero-emissions economy."
Among related projects being tracked by Industrial Info is construction of a US$250 million lithium-ion battery recycling plant in Quebec, which is expected to wrap up by the end of the year, through a partnership between Lithion Technologies' (formerly Lithion Recycling Inc.) (Quebec) and General Motors Company (NYSE:GM) (Detroit, Michigan). GM invested in the project earlier this year to utilize Lithion's recovered battery materials to produce new batteries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Industry Project Database can read more information in a detailed project report.
Expected to wrap up in January is construction of Stelco Incorporated (Hamilton, Canada) and Primobius gmbh's (Hilchenbach, Germany) lithium-ion battery recycling demonstration plant at the site of Stelco's Lake Erie Works Steel Mill in Nanticoke, Ontario. The 20,000-ton-per-year facility will produce up to 18,400 net tons per year of nickel, manganese and cobalt sulphates, and lithium hydroxide and carbonate, according to a Stelco press release. This will lead to the construction of a commercial-scale US$160 million battery recycling plant, which is expected to wrap up at the end of 2024. Subscribers can read more information on the demonstration and commercial-scale projects.
In terms of mining projects, Industrial Info is tracking an upgrade/expansion of infrastructural facilities at Sayona Mining Limited (Milton, Queensland) and joint-venture partner Piedmont Lithium's (NASDAQ:PLL) (Bessemer City, North Carolina) North American Lithium (NAL) operation in Quebec. The upgrade/expansion project, expected to wrap up in mid-2025, is aimed at accommodating the site's efforts to boost the open pit mine's capacity to 10 million tons per year. Ultimately, the NAL operation aims to convert more than 190,000 tons per year of lithium spodumene concentrate into 23,610 tons per year of battery-grade lithium carbonate over a 16-year operational life. Subscribers can read a detailed report on the infrastructure project.
NAL restarted earlier this year after it was placed under care and maintenance by a previous owner in 2019, and the first commercial shipment of lithium spodumene concentrate was sold earlier this year. For more information on the NAL operation and other lithium projects in Canada, see August 4, 2023, article - Canada Lithium Mine Begins Commercial Shipments.
In March, engineering, procurement and construction (EPC) company Samsung Engineering & Construction (Songnam-si, Korea) expects to begin construction of a US$500+ million restart and expansion of Volta Energy Solutions' (VES) copper foil plant in Granby, Quebec, which closed in 2025. The project aims to restart the current 25,000-ton-per-year operation to ultimately expand production to 63,000 tons per year; 70% of the copper foils will be supplied to Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas) for the production of its 4680 battery cell. VES is the European subsidiary of Solus Advanced Materials (South Korea). Subscribers can read detailed reports on the initial restart and proposed expansion.
Joe Govreau, Industrial Info's vice president of research for the Metals & Minerals Industry, expects the global energy transition to affect mining project activity worldwide. For more information, see Industrial Info's July 20, 2023, article - IIR Webinar: Geopolitics, Resource Nationalism, ESG Initiatives Affect Mining Spending.
Subscribers to the GMI Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
