Grants and Contributions:

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Title:

514586

Agreement Number:

514586

Agreement Value:

$551,349,400.00

Agreement Date:

Sep 15, 2023 - Dec 31, 2042

Description:

This project will create a greenfield manufacturing facility for cathode active battery materials (CAM) and their precursor materials (pCAM) in Loyalist Tonwship, Ontario. The project’s work phase is scheduled to end on March 31, 2029.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment will see the construction of a battery materials production plant in Loyalist Township, ON which will help create the North American electric vehicle (EV) supply chain.

Location:

Bath, Ontario, CA K0H1G0

Reference Number:

033-2023-2024-Q2-514586

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

105447841

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 (31/03/2029) to the current end date of (31/12/2042). 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:

Umicore Rechargeable Battery Materials Canada Inc.

Recipient's Legal Name:

Umicore Rechargeable Battery Materials Canada Inc.

Federal Riding Name:

Sherwood Park--Fort Saskatchewan

Federal Riding Number:

48032

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.

NAICS Code:

339900

Amendments:

See Amendments