Two levels of Government coming together to help communities thrive and strive

Ontario and Canada Flag

Innovation, Science and Economic Development Canada

The Federal and Provincial Governments are working together by investing $5 million in the First Cobalt Corporation. This venture will accelerate domestic production of battery-grade cobalt sulfate, a required element needed to produce long-range electric vehicles (EVs).

The announcement was made today by Terry Sheehan, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedNor and the Honourable Greg Rickford, Ontario’s Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs.

The funding from the federal level is provided through FedNor’s Regional Economic Growth through Innovation program, which supports businesses at all stages of development, including start-up, scale-up and technology adoption.

In January 2021, the Ontario Government will launch a new and improved NOHFC program that will support more projects in rural northern communities and make it easier for more people and businesses to apply.

Targeting both existing and emerging market opportunities, provide more work opportunities for Indigenous people and address the skilled labour shortage in the north.

Northern Ontario has been hard hit by COVID-19 and today’s announcement demonstrates how two levels of government are working together to help families, communities and businesses to not just survive, but also thrive. It will help get Canadians back to work safely and ensure that Northern Ontario is well positioned to fully participate in Canada’s economic recovery.

This investment also helps advance the Canada-U.S. Joint Action Plan for Critical Minerals Collaboration, by strengthening the North American supply chain security for this critical battery mineral.

Previous articleMORRISON, Craig Thomas
Next articleAutomatic Adjournment of Court Dates Ended
Colette Linden is a graduate of the three-year Broadcast Journalism and Communications Media program from Mohawk College before heading to McMaster University to obtain her degree in Public Relations. In addition, Colette has a certificate in Writing for Publication and a certificate of Competency in the French Language, . A recent resident of Sault Ste Marie, this Hamilton native gained experience working at TSN, the Ontario Medical Association and spent 14-years with the Ontario Good Roads Association (OGRA) as the Communications Manager. A Mother of two amazing boys, Connor & Dante, Colette is a die-hard sports fan with a passion for government affairs and hopes to one day represent this City on Council. Focusing on Politics, Indigenous Affairs and Local News, Colette also reports the latest in Sports both locally and professionally. Colette joined the Superior Media Team in September of 2019 and is thankful to finish out her career with such a family-oriented and community-oriented team.