RE:RE:New Press Release - NEO Battery Materials to Expand into Canada with Appointment of Dr. Luc C. Duchesne as VP of Government Relations for Grant Funding Initiatives According to their investor presentation, they will do a R&D centre (2024) and commercial plant (2026) in both BC and Ontario.
Proximity is the reason. I can see Southwestern Ontario as the major hub, especially with LG..
Also could have something to do with COB, investing in the country your are registered & listed in.