Ontario Investing in Critical Minerals Supply Chain for Electric Vehicles
The Ontario government is increasing funding for the Ontario Junior Exploration Program (OJEP) to help more companies find critical minerals such as nickel and cobalt, which are necessary to support the growing supply chain for electric vehicles and create jobs for northern and Indigenous communities.
Major Investment Strengthens Ontario’s End-to-End Electric Vehicle Supply Chain
Ontario has secured a $471 million investment by Magna International, one of the world’s largest automotive suppliers, to expand the company’s Ontario operations. With support from the government, this transformative investment will strengthen Ontario’s end-to-end electric vehicle supply chain while adding more than 1,000 new good-paying jobs for workers across the province.