Umicore plans to construct a manufacturing facility for cathode active and precursor materials in Ontario, Canada. Umicore and the Government of Canada have signed a Memorandum of Understanding (MoU) to finalise the support application of the project under the Strategic Innovation Fund. This MoU follows a recently signed agreement with Loyalist Township to secure a plot of land of about 350 acres in Loyalist, Ontario.

Umicore is targeting to start construction in 2023 and operations at the end of 2025 with the potential to reach…

 

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