Agreement Value:
$125,000,000.00
Agreement Date:
Mar 30, 2026 - Dec 31, 2043
Description:
This project will support AMEM’s high purity direct reduction (DR) pellet feed expansion at Port-Cartier, Québec, for low-carbon steelmaking to decarbonize the steelmaking value chain. The project’s work phase is scheduled to end on January 30, 2029.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will contribute to reinforcing Canada’s leadership in high-purity iron ore production and strengthen the minerals value chain. It will also create new jobs, maintain existing ones, and support Canada’s objective of reducing greenhouse gas (GHG) emissions.
Location:
Longueuil, Quebec, CA J4K 5G7
Reference Number:
033-2025-2026-Q4-514876
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
836895649
Recipient Type:
For-profit organization
Additional Information:
This is a correction to the program name and purpose.
Amendment Date
Jun 30, 2026
Recipient's Operating Name:
ArcelorMittal Mining Canada G.P.
Recipient's Legal Name:
ArcelorMittal Mining Canada G.P.
Federal Riding Name:
Longueuil--Charles-LeMoyne
Federal Riding Number:
24041
Program:
Strategic Response Fund
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. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.