Britishvolt reveals plans for 60GWh Canadian battery cell factory, cathode and anode production and R&D centre – by Emma Jarratt (Electric Autonomy – October 7, 2021)

https://electricautonomy.ca/

In the heart of Montreal’s downtown core at 1 Place Ville Marie — one of the tallest buildings in the city — is the address of Britishvolt Canada Inc.’s headquarters.

Technically, Britishvolt’s Canadian seat doubles as Denton’s senior business advisor Philippe Couillard’s office. But that makes sense as Couillard, along with a small but growing team, is largely responsible for bringing the British technology and manufacturing company to Canada — and which this week revealed to Electric Autonomy Canada in an exclusive interview its plan to build a 60GWh battery cell gigafactory, an R&D centre, and anode and cathode processing set up in Quebec.

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Making Quebec a key accelerator of the global energy transition – by Patrick Bertrand-Daoust (Canadian Mining Journal – October 8, 2021)

https://www.canadianminingjournal.com/

Canada has a big goal to achieve net zero emissions by 2050. That transition is going to require the collective effort of all sectors to enable their energy transitions and strategically work towards building cleaner, more prosperous products and operations.

But turning those plans into reality will heavily rely on the mining and metals sector to provide the raw materials needed to reach ambitious goals. And with the target date around the corner, demand is coming quick.

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Gold miners Agnico Eagle, Kirkland Lake propose $13.5 billion mega-merger – by Gabriel Friedman (Financial Post – September 29, 2021)

https://financialpost.com/

Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd., largest and second-largest gold producers in Canada, on Tuesday announced an all-stock merger, valued at around $13.5 billion that creates a new gold mining giant with its center of gravity in Canada.

The merged entity would keep the Agnico Eagle name and produce about 2.5 of its 3.4 million ounces of gold per year from mines in Canada. The deal comes about one year after gold, a traditional safe haven in times of economic uncertainty, reached an all-time peak at US$2,067 per ounce in August 2020.

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Agnico Eagle deal to buy Kirkland Lake Gold criticized – by Niall McGee and Andrew Willis (Globe and Mail – September 29, 2021)

https://www.theglobeandmail.com/

Agnico Eagle Mines Ltd. plans to acquire Kirkland Lake Gold Ltd. in an all-stock transaction that the companies say will create a “true Canadian mining champion,” but the deal garnered a lukewarm reception on Bay Street, with some investors questioning the strategic rationale.

Toronto-based Agnico said on Tuesday it intends to pay 0.7935 of its shares for each Kirkland share, or about 1 per cent higher than Kirkland’s average close over the 10-day period as of last Friday, essentially making it a nil-premium deal valued at more than $13-billion.

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Agnico’s low-premium Kirkland deal propels stock drop – by Yvonne Yue Li (Bloomberg News – September 28, 2021)

https://www.bnnbloomberg.ca/

Shares of Agnico Eagle Mines Ltd. and Kirkland Lake Gold Ltd. fell after the two Canadian miners announced a “merger of equals” that offered investors a lower deal premium than other gold combinations.

The $13.4 billion (US$10.6 billion) transaction creates one of the world’s biggest bullion producers and follows other large takeovers in recent years that reshaped the industry.

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Agnico Eagle buying Kirkland Lake Gold in $13.4-billion deal – by Ian Ross (Northern Ontario Business – September 28, 2021)

https://www.northernontariobusiness.com/

Companies seek to find operational, exploration synergies in Abitibi gold camp of northeastern Ontario, western Quebec

Agnico Eagle and Kirkland Lake Gold are merging to create a Canadian and global mining powerhouse.

The gold mining companies are framing this proposed $13.4-billion all-share acquisition by Agnico Eagle as creating a “merger of equals” to establish a “best-in-class gold mining company” built around each other’s mining assets and the considerable exploration potential in the historic and fertile Abitibi Greenstone Belt in northeastern Ontario and northwestern Quebec.

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OPINION: The asbestos industry is fanning the flames of resentment. We must make them stop – by Kathleen Ruff (National Observer – August 17th 2021)

https://www.nationalobserver.com/

The asbestos issue is back on the agenda of the Quebec and Canadian governments, with multibillion-dollar projects to extract magnesium and other minerals from the mountains of waste left by asbestos mining companies. According to Quebec government health authorities, the waste contains up to 40 per cent asbestos. Houses, schools and public buildings are nearby.

The projects require moving the waste, thus disturbing the asbestos fibres and presenting a serious health risk to workers and the community. A pilot project is underway. The final decision from the Quebec government is pending.

All 17 Quebec directors of public health asked the federal government to include asbestos mining waste in its regulations to ban asbestos. The government rejected their request, exempted the mining waste and invested $12 million in the projects.

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NEWS RELEASE: The Minister of Environment and Climate Change approves the Rose Lithium-Tantalum Mining Project (August 10, 2021)

OTTAWA, ON, Aug. 10, 2021 /CNW/ – The Government of Canada conducts rigorous impact assessments based on science and Indigenous knowledge.

Following a thorough environmental assessment conducted by the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada (the Agency) and the Cree Nation Government, the Minister of Environment and Climate Change, the Honourable Jonathan Wilkinson, has agreed with the conclusions of the Committee’s Environmental Assessment Report and has decided that the proposed Rose Lithium-Tantalum Mining Project is not likely to cause significant adverse environmental effects when mitigation measures are taken into account. Therefore, the project is allowed to proceed.

Today, Minister Wilkinson issued a Decision Statement to this effect under the Canadian Environmental Assessment Act, 2012 (CEAA 2012). The Minister’s Decision Statement establishes 221 legally binding conditions with which the proponent must comply throughout the life of the project. These conditions include measures to protect fish and fish habitat, migratory birds and birds at risk, wetlands, woodland caribou, bats at risk and the current use of lands and resources for traditional purposes by the Crees.

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As lithium booms again, new players hope to avoid ‘horror’ show of predecessors – by Gabriel Friedman (Financial Post – July 21, 2021)

https://financialpost.com/

Mining lithium not only generates environmental concerns, but chemical conversion for battery use is a major challenge

In the middle of July, as COVID-19 restrictions relaxed, Guy Laliberté, chief executive of Sayona Quebec — the company that aims to be the next lithium producer in Canada — was meeting with an opponent of his project.

Last month, the company announced a Quebec Superior Court approved a deal for Sayona Quebec to purchase North American Lithium’s former assets, which includes the La Corne mine, a concentrator and a chemical plant for $94 million in cash plus a range of conditions — pennies on the dollar given the company says previous owners invested around $400 million.

The deal is not expected to close until August, but Sayona aims to start producing lithium by early 2023, a tight time schedule that will require a range of work.

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Pallinghurst makes billion-dollar bet on Quebec as global battery hub – by Nicolas Van Praet (Globe and Mail – July 5, 2021)

https://www.theglobeandmail.com/

European private equity investor Pallinghurst Group is making a billion-dollar bet that Quebec will recover from its early blunders in battery materials and become a dependable pillar for supply in North America, as the global shift to electric transportation accelerates in the years ahead.

London-based Pallinghurst has invested more than US$500-million to date in two key battery-mining and material-processing projects in the province, with plans for more.

The company scooped up mining company Nemaska Lithium Inc. out of bankruptcy protection in a partnership with the Quebec government’s investment arm and built up a 15-per-cent position in another supplier, Nouveau Monde Graphite.

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The inspiration for revolution: Unhealthy working conditions and low wages led asbestos miners to launch a strike that left a lasting legacy in Quebec’s history – by Mehanaz Yakub (CIM Magazine – June 21, 2021)

https://magazine.cim.org/en/

When the clock struck midnight on February 14, 1949, the normally quiet streets of the small town of Asbestos, Quebec, were packed with nearly 2,000 workers from the Jeffrey Mine who were ready to go on strike.

Later that Valentine’s Day morning, 3,000 more miners from the neighbouring Thetford Mine joined the walkout, and what followed was one of the longest and most brutal labour disputes in the province’s history.

Since the late 19th century, Quebec, and especially Asbestos, was the largest producer and exporter of the eponymous mineral. Asbestos was popularly used for insulation, soundproofing and fireproofing, and American and English-Canadian owned companies, such as Johns-Manville, Asbestos Corp., and Flintkote all set up operations around Quebec’s Eastern Townships.

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Championing a Green Energy Revolution through High-Grade Cu-Ni-Co-Zn Projects in the World’s Best Mining Jurisdictions – by Stephen Mlot, P.Eng (June 2, 2021)

Murchison Minerals Limited (TSXV: MUR) is a company founded by industry veterans and following a plan for discovering and building resources for the Green Energy Revolution through high-grade Cu-Zn and Ni-Co projects in Canada’s best mining jurisdictions.

Murchison is operating in the provinces of Saskatchewan and Quebec, based on those provinces’ rich variety of metal deposits, as well as the positive fiscal and operational environment for mineral exploration and development. In its 2020 Annual Survey of Mining Companies the Fraser Institute ranks those jurisdictions as the top two in Canada and in the top ten globally.

The Green Energy future is not just about electric vehicles and battery power. Clean energy goes beyond this to include Wind, Solar, Hydrogen Energy Cells, Geothermal and even Nuclear. Other drivers of the future will be the electrification of everything, the 5G interconnection of devices (managed by AI systems), and energy-efficient systems.

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From hot stock to bust, will Nemaska Lithium rise again? – by Martin Patriquin (Financial Post – May 26, 2021)

https://financialpost.com/

MONTREAL • About 1,000 kilometres from Montreal, in the Precambrian expanse of Quebec’s north, is the world’s second-largest deposit of one of its most sought-after minerals.

In 2009, Nemaska Lithium announced its intention to harvest its namesake mineral with all the gut-busting blarney usually reserved for gold rushes and oil strikes.

To investors, the company touted itself as “your next Canadian lithium supplier,” promising to deliver 300 jobs and $4.1 billion in revenues over its minimum 18-year lifespan.

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Osisko PEA outlines ‘highly profitable’ gold mine at Windfall in Quebec (Canadian Mining Journal – April 2021)

http://www.canadianminingjournal.com/

A preliminary economic assessment (PEA) on Osisko Mining’s (TSX: OSK) Windfall project in Quebec’s James Bay region outlines a 3,100 t/d two-ramp underground mine with a process facility that would produce an average of 238,000 gold oz. a year over an 18-year life. The gold development company is targeting first production from the gold deposit by 2024.

In its first seven years, Windfall would generate an average of 300,000 gold oz. annually at all-in sustaining costs of US$610 per oz., producing a peak of 328,000 oz. in year six.

Based on an initial capital outlay of $544 million that includes contingency, the after-tax net present value estimate for the project comes in at $1.5 billion, using a 5% discount rate and US$1,500 per oz. gold, with a 39.3% internal rate of return and a 2.2-year payback.

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‘Demand is growing and growing fast’: Quebec electric vehicle company gets help to build $185 million battery assembly plant – by Gabriel Friedman (Financial Post – March 16, 2021)

https://financialpost.com/

Ottawa and Quebec pitch in loans for a crucial piece in the EV supply chain that could help position the province for future growth in the sector

Montreal area-based Lion Electric Co. announced Monday it’s building a $185-million lithium-ion battery assembly plant in Quebec — a crucial piece in the electric vehicle supply chain that could help position the province for future growth in the sector.

The company, which manufactures electric trucks and buses in St. Jerome, Que., said the federal and Quebec governments are each lending $50 million to help advance the project, which is expected to create an additional 135 jobs, and produce around 14,000 batteries once operational in 2023.

The announcement came at a press conference on Monday with Prime Minister Justin Trudeau and Quebec Premier Francois Legault, among other dignitaries, in front of a Lion electric school bus and truck.

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