Start Date: 2025-01-25
End Date: 2025-01-31

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Canada Invests in Electric Vehicle Manufacturing

On January 28, 2025, the Canadian government announced a $169.4 million investment in Linamar Corporation for the Innovation Driving Green Technology Project. This initiative supports the development of advanced electrified products and semiconductor packaging methods for EV batteries. The project will create approximately 2,000 full-time jobs and involves facilities in Ontario. It emphasizes strengthening Canada’s position in the global battery manufacturing industry and aims to secure battery supply chains while fostering economic growth in the automotive sector.

Sources: Announcements: www.canada.ca

Saskatchewan's Critical Minerals Production Boost

The Canadian government announced a $41 million investment in Foran Mining Corporation on January 28, 2025, to support its carbon-neutral copper and zinc mine in Saskatchewan. This project aims to enhance critical minerals value chains, contributing to Canada’s role as a leader in sustainable mining. The investment will help integrate clean technologies, including a battery-electric vehicle fleet and a water recycling system. This development aligns with the Canadian Critical Minerals Strategy and is expected to maintain nearly 400 full-time jobs.

Sources: Announcements: www.canada.ca