The mining giant will invest $12.5 million, or $2.70 a share, to provide iron and lithium to the battery cathode material company. The deal will focus on Rio Tinto’s Quebec iron operations, and follows Nano One’s recent acquisition of Johnson Matthey’s lithium-iron-phosphate battery business. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Pender Ventures raising $100M fund as it expands to Eastern Canada
Court orders crypto hedge fund Three Arrows Capital to liquidate
Quebec plans $325M provincial data cloud
U.S. FCC commissioner calls for Apple, Google to drop TikTok from app stores
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.