Another huge contracts There are so many awarded contracts that this will keep DRX busy.
We are getting one every week or so.
Yesterday, it was another battery plant to be erected in Ontario.The production
target date is 2026.
I would not be surprised if we get a big announcement before year end
Governments of Canada and Ontario Finalize Agreement with Umicore Rechargeable Battery Materials Canada Inc. for New Plant in Loyalist Township
Umicore’s investment will create over 600 jobs in Eastern Ontario and strengthen Canada’s end-to-end electric vehicle supply chain.
The envisioned project, with a total eligible cost envelope of up to $2.761 billion, is planned to be executed in multiple stages. Today, Umicore is announcing its firm investment decision for the first stage of $2.1 billion, of which $1.8 billion is capital expenditures, for a battery materials production capacity of 35 GWh annually.