Agreement Value:
$222,000,000.00
Agreement Date:
May 1, 2023 - Jun 30, 2045
Description:
This project will increase RTFT's
production of critical minerals that will
go into products like electric vehicles
and batteries. Their BlueSmelting
initiative, a new technology for
carbon-neutral ilmenite extraction,
could generate 95% less GHG
emission than their current process
enabling the production of high-grade
titanium dioxide feedstock, steel, and
metal powders with a drastically
reduced carbon footprint.
The project’s work phase is
scheduled to end on March 31, 2030.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
The investment aims to cut GHG
emissions from RTFT's plant by up to
50%. This will enhance the public
private collaboration via the creation
of a new incubator and help position
Canada as a leader in critical
minerals.
Location:
Sorel-Tracy, Quebec, CA J3R1M7
Reference Number:
033-2023-2024-Q1-819662
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
890267776
Recipient Type:
For-profit organization
Additional Information:
Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from the end of the work phase (31/03/2030) to the current end date of (30/06/2045). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period. The original start date was updated to reflect the correct execution date.
Amendment Date
Jun 30, 2026
Recipient's Operating Name:
RTFT
Recipient's Legal Name:
Rio Tinto Fer et Titane Inc. (RTFT)
Federal Riding Name:
Bécancour--Nicolet--Saurel
Federal Riding Number:
24009
Program:
SIF Stream 3 - Attraction
Program Purpose:
Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.