Latest news with #TemiskamingShores
Yahoo
13 hours ago
- Automotive
- Yahoo
Electra Battery Materials gears up to restart construction on stalled Ontario cobalt plant
Electra Battery Materials Corp. is positioning itself to restart construction on its stalled cobalt sulfate refinery in Temiskaming Shores, Ont. The company said June 19 that it will invest $750,000 on an early works program this summer that includes equipment installations and concrete work critical to advancing the project after a two-year delay. Electra CEO Trent Mell said the preliminary set of projects lay the 'physical and operational groundwork to accelerate into full construction. 'We are confident in our project and its strategic importance. Preparing for the final leg of construction is a reaffirmation of our commitment to delivering North America's only battery-grade cobalt refinery,' Mell said in a release. Sign up for Automotive News Canada Breaking Alerts and be the first to know when big news breaks in the Canadian auto industry. The summer work schedule follows a $200,000 investment in septic, power and lighting systems at the plant earlier this year, the company said. Electra's fully permitted site about 500 kilometres north of Toronto has sat largely idle since May 2023, when the company halted work because of cost overruns, equipment delays and tightening finances. It is far from the only Canadian electric-vehicle battery supply chain project facing an uphill climb as EV demand falls short of expectations. Electra estimates it will need about US $60 million to complete the refinery that will produce cobalt sulfate, a key ingredient in most of the EV batteries in use in North America today. After securing funding commitments from an unnamed strategic investor and both the Canadian and U.S. governments totaling $54 million, Electra is just $6 million short of that target. It continues to work on solutions to fill the 'remaining gap,' said Heather Smiles, company vice-president of investor relations and corporate development, in an email. The company provided no details on other possible funding sources, but said it expects to raise the additional funds needed to finish construction and begin production at the plant. If completed, the plant will be the only one of its kind in North America and one of a select few outside China. From the outset of work on the refinery in 2021, Electra has maintained that demand for cobalt sulfate produced in North America remains high. The company signed an offtake agreement in 2022 with battery-cell maker LG Energy Solution that accounts for 80 per cent of the site's production capacity of 6,500 tonnes annually. Smiles said the early works package undertaken this summer will allow full-scale construction to resume on the refinery within a few months of the company securing the necessary financing. She would not say how long the plant would take to complete once work resumes.
CTV News
14 hours ago
- General
- CTV News
Fire crews responding to major structure fire in New Liskeard
Members of the public are being asked to avoid Lakeshore Road in New Liskeard as emergency responders deal with a major structure fire Thursday afternoon. Members of the public are asked to avoid Lakeshore Road in New Liskeard as emergency responders deal with a major structure fire Thursday afternoon. Residents who are near the fire are being asked to leave the area. 'The road is closed between Padget Street South, Market Street, Dymond Crescent and Farah Avenue,' Ontario Provincial Police said on social media. 'OPP is asking the public to avoid the area and for those in the immediate vicinity to evacuate.' The City of Temiskaming Shores is also urging residents to give 'space needed to ensure the safety of our volunteer firefighters, emergency responders and the public.' 'Road blocks are being set up,' the city said on Facebook. Road blocks are going up at Melville, Market and Farah streets, the city said. Three transit stops are being affected by the fire. Riders are being asked to go to the nearest bus stop outside areas near Melville and Farah. This story will be updated as more information comes available.
CTV News
12-06-2025
- CTV News
Northern Ont. bike thief caught on camera, arrested for shoplifting later the same day
Police in Temiskaming Shores say reports of a bike theft from a local school on the afternoon of June 2 led to the arrest of a shoplifting suspect later the same day. Police in Temiskaming Shores say reports of a bike theft from a local school on the afternoon of June 2 led to the arrest of a shoplifting suspect later the same day. Ontario Provincial Police responded to the bicycle theft around 1:45 p.m. 'The investigation led officers to review security camera footage and were able to identify a suspect,' police said in a news release Thursday. 'On the same day at approximately 5:15 p.m., OPP responded to a report of a shoplifting incident at a business in Temiskaming Shores involving the same individual.' Police arrested the 20-year-old suspect, recovered the bike and seized a replica weapon. Charges for the Temiskaming Shores resident include violating probation, possession of an imitation weapon and two counts of theft under $5,000. The accused is scheduled to appear in the Ontario Court of Justice in Haileybury on June 24.
CTV News
20-05-2025
- Entertainment
- CTV News
Two northeastern Ont. singers vying to be Canada's next country music star
Makinna Givens of Temiskaming Shores (left) and Cam Galloway of Bracebridge (right) are finalists in the first national Country Rising competition to find the next big Canadian star.
