Canada Growth Fund to Invest Up to C$145 Million in Expansion of Elevra's Big Quebec Lithium Mine
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The Canada Growth Fund will invest up to C$145 million (US$106 million) in Elevra Lithium's expansion of its Quebec lithium mine. This investment is part of Elevra's goal to raise C$417 million, including C$272 million in equity. The funding will support the expansion of the North American Lithium mine, enhancing production and competitiveness. The investment will be made through convertible notes, contingent on Elevra meeting specific milestones. The project is expected to create 252 jobs in the region.
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