Battery Grade Nickel For the Electric Vehicle Revolution

Kenbridge property hosts measured and indicated resource of 7.5 Mt at 0.58% Ni and 0.32% Cu for a total of 95 Mlb of contained nickel

Message: Industry Bulletin: Ford Auto Announcement a Building Block For A New Industry

Just about two years ago, if you had asked whether the auto industry had a future in Ontario, the answer would have been no.

It was in late November 2018 that General Motors announced it would close their Oshawa assembly plant and end more than a century of production in that city.

Ontario hadn’t seen a new plant in 15 years and the prospects of many existing ones were bleak.

Today, it’s a different story thanks to the formal announcement on Thursday that Ford Canada is investing $1.8 billion in their Oakville assembly plant to build the next generation of electric vehicles. Starting in 2024, the Oakville plant will transform from an internal combustion engine plant to a battery electric vehicle plant.

The move was heralded by the politicians on hand as great for the future, though for quite different reasons.
Prime Minister Justin Trudeau mostly praised the move as one that gets Canada closer to a green economy while Premier Doug Ford mostly praised the prospects for jobs.

The announcement may fill both their desires but it does much more than that.

This announcement sets the stage for a further expansion of the auto sector in Ontario as the whole industry moves toward electric and other low- or zero-emission vehicles.

With Ford’s seal of approval, and massive investment, Ontario’s industry can now assure other manufacturers that the province is here to stay and grow.

And why shouldn’t it be?

The Great Lakes region that southern Ontario is part of has been the manufacturing heartland of the continent for more than a century for some very good reasons. There’s multimodal transportation, including the inland seaway, usable ports and now highway and air transportation.

We’ve also got the inputs needed here, from steel in Hamilton to the hundreds of parts suppliers dotting towns all along the 401. Now with the emergence of electric cars as a real force, we also have the raw materials to make batteries.

Cobalt, nickel and lithium are readily mined in this province already and the rare earth minerals under the Ring of Fire are a resource as yet untouched. All of this makes Ontario a place to make not just cars, but specifically electric cars and the parts that go with them.



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