Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, welcomed an investment of up to C$145 million by the Canada Growth Fund to support the expansion of North American Lithium (Project or NAL), Canada's largest operating lithium mine, located in Quebec's Abitibi region, owned by Elevra Lithium Limited (Elevra).
This investment will support a staged brownfield expansion of the mine to increase production capacity, improve cost competitiveness, and strengthen the North American lithium supply chain. The Project is expected to support approximately 252 existing jobs in the area.
Growing Canada's lithium production is critical to strengthening a secure, domestic supply-an essential component in rechargeable batteries, including those for electric vehicles and renewable storage systems. Strengthening production at home will help accelerate the country's transition to a low‑carbon future while reinforcing its position as a key player in the global clean energy economy.
Today's announcement furthers the government's plan to position Canada as a leading global supplier of responsibly sourced critical minerals, while spurring economic growth and creating good jobs as part of a net-zero future.
