Canada's Critical Minerals Strategy, which was supported by $3.8 billion in Budget 2022, sets out a path for Canada to become a global supplier of choice for critical minerals and the clean digital technologies they enable.
This strategy has targeted cobalt as a critical mineral that can drive economic growth and contribute to priority supply chains.
The Electra Battery Materials project is consistent with the objectives of the strategy, in particular that of developing national and global value chains for the green economy and the government's climate change objectives.