Québec puts up to C$14.1M into a C$400M ELYSIS funding round to keep its stake

ELYSIS

The Québec government committed up to about C$14.1M to buy ELYSIS shares, its part of a C$400M financing round, so that its stake stays at 3.53%. The government says the project has been funded mostly with private money since 2018.

• Québec stake held at about 3.53%
• Round size: C$400M
• Separately, Rio Tinto is building ten ELYSIS cells at Arvida by 2027