Two Ontario projects get financial backing at G7 energy meeting
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3 Articles
Ucore Rare Metals Inc. (TSXV:UCU) - Set to Receive C$36.3M Grant on Sidelines of G7 Energy Meeting - Research Portal
Ucore announced that it has received conditional approval for up to C$36.3M in funding from NRCan and FedDev Ontario to scale up its Kingston demo plant and showcase separation of samarium (Sm) and gadolinium (Gd); two REEs that are used to produce permanent magnets for military equipment and are currently part of China’s export control list. Additionally, the company has signed a non-binding Heads of Agreement (HoA) with Wyloo Gascoyne and Hast…
The meeting of G7 Energy and Environment Ministers concluded in Toronto after two days of talks focused on energy security and the creation of a reliable supply chain of critical minerals, but without a joint communiqué in the face of a lack of consensus on key issues such as climate change. The two hosts of the meeting, Energy Ministers Tim Hodgson, and Environment Ministers Julie Dabrusin, from Canada, pointed out at their final press conferen…
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