Plans have been unveiled for a 400,000 square-foot battery cell manufacturing facility, likely to be located in Quebec, Canada.
StromVolt Americas Inc – a new Canadian start up, plans to build the new facility – at a cost of up to $300 million – in partnership with Delta Electronics of Taiwan.
The factory is expected to run on clean energy and source from local mining projects, which is good news for Winsome and our three Quebec-based projects. The Company hopes to supply lithium-ion battery cells to local, Quebec-based EV manufacturers, before potentially moving into the overseas market.
Read here for more details about the plans.
In other industry news, Sayona Mining Limited will acquire a 60 per cent stake in the Moblan spodumene project in Québec, adding lithium assets to its portfolio.
Winsome is a firm believer in Quebec’s place as a world-class mining district – an opinion supported by Sayona Managing Director, Brett Lynch as he announced the $86.5m deal with Lithium Royalty (LRC).
Mr Lynch said the “recent rise in lithium prices reflects the importance of securing quality supply and there is no better place to be than Québec as we develop a lithium resource base to supply North America’s fast‐growing electric vehicle and battery industry.”
Read more about the deal here.