On Tuesday, Prime Minister Justin Trudeau travelled to Burnaby, British Columbia to announce his latest climate change initiative at the pilot plant of an upstart company that’s tinkering with lithium-ion battery technology.
So rather than targeting the global lithium market, which remains dominated by five large companies, Nano One is focusing on what is expected to be a $23 billion market for cathodes by 2025. It has no revenue, yet its facilities have emerged as a symbol of Canada’s rising green tech economy, where several policy initiatives have been announced in recent years.
Joel Jackson, a BMO analyst, wrote that in a best case scenario, the company would be able to close a $600 million equity raise announced earlier this year to cover construction cost overruns, and also secure new debt funding at similar terms to replace the bondholders.
Free market economics, end corporate welfare/supply management, balanced budget, respect constitution/individual rights, scrapping carbon tax, immigration policy that fulfills our economic needs, a foreign policy that puts Canadians FIRST. MaximeBernier
Now we're talkin'. That's the FUTURE! buylowsellhigh
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