This week the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, along with George Chahal, Member of Parliament for Calgary Skyview, announced a $27 million contribution to E3 Lithium through the Strategic Innovation Fund’s Net Zero Accelerator initiative.
This investment will support E3 Lithium’s $87 million project for the construction of a demonstration plant specializing in lithium production. This facility will be the first step toward a full-scale lithium production plant that will produce up to 20,000 tonnes of battery-grade lithium.
By supporting the transition of Canada’s automotive sector toward net zero, the government is acting on its commitments and ensuring that Canadian jobs and critical minerals remain central to a strong and resilient 21st century economy.
The investment will assist in the development of a sustainable, long-term source of lithium supply, which is critical to building electric vehicles and an anchor in the North American supply chain.
By investing in Canadian lithium production, the government is not only ensuring Canada is ready for the increasing demand for domestically produced batteries but also continuing to support our critical minerals sector so that Canadians will have access to the resources needed to electrify our transportation ecosystem.
“The breadth of the development costs this funding covers contributes significantly to the de-risking of our end-to-end project development as we progress towards a commercial facility producing battery-grade lithium in Alberta. The Canadian government has committed to supporting the critical minerals supply chain. Growing local Canadian supply begins with the raw materials, and Alberta has a significant part to play in that future,” said Chris Doornbos, President and CEO, E3 Lithium.