Minister of Indigenous Services Patty Hajdu, left, and Minister of Innovation, Science and Industry François-Philippe Champagne, middle, tour the site of a future lithium processing facility in Thunder Bay, Ont. President Zeeshan Syed of Avalon Advanced Materials Inc. shows the ministers the property's assets.
From the outside, it seems like there isn't much going on at 965 Strathcona Dr. in Thunder Bay, with derelict buildings, rocks and scrap metal strewn across open fields overlooking Lake Superior.
Innovation Minister François-Philippe Champagne came for a site tour Thursday, and called the site "one of the most promising I've ever seen in terms of the possibilities." "It could be more frankly, and really higher in the billions, because it's hard to put a price today on the value of training the workforce of the future."
"It all depends on the interaction between those two factors, demand and supply, and if you could project that well, you could be a very rich person if you could do it accurately," he said.Canada is pouring billions of dollars into the electric vehicle industry. Will it pay off? "There's a lot of grievance of historical mining sector activity that's here – that's a real phenomena. It's not something that we can just hear and walk away from," he said.
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