Auxico Resources files paperwork to Canadian Govt for grant to build rare earths processing plant

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[{"type":"text","content":"Auxico Resources files paperwork to Canadian Govt for grant to build rare earths processing plant\n \n \n (NewsDirect)\n \n \n \n \n Auxico Resources CEO Pierre Gauthier\njoined Steve Darling from Proactive to announce significant\ndevelopments in the company's strategic initiatives.\n \n \n Gauthier revealed that Auxico, in\ncollaboration with Central America Nickel Inc., has submitted an\napplication to the Government of Canada's Innovation, Science, and\nEconomic Development's Strategic Innovation Fund. The application\nseeks funding for the construction of two critical mineral and rare\nearth element processing and refining facilities in the region of\nSorel, Quebec. These refineries are aimed at addressing issues related\nto magnets used in electric vehicles, ensuring a stable supply of key\nelements.\n \n \n Gauthier shared with\nProactive that the application seeks a government grant of $114\nmillion to support the refinery project, and they anticipate receiving\na response within 60 days. The construction of these refineries\nrepresents Auxico's dedication to sustainable and strategic rare\nearth solutions, focusing on securing a stable supply of critical\nminerals for electric vehicle technologies.\n \n \n Furthermore, Auxico has taken steps to\nconsolidate control within Central America Nickel, ensuring a smoother\nfinancial future. This move strengthens the partnership between the\ntwo companies and reinforces their commitment to advancing rare earth\nprojects.\n \n \n The interview with Pierre Gauthier illustrates Auxico\nResources' dedication to the development of sustainable solutions\nfor critical minerals and its strong partnership with Central America\nNickel. Through their collaboration and innovative projects, they aim\nto play a significant role in the supply chain of rare earth elements,\nparticularly for electric vehicle technologies.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2500,"tagName":"div"}]

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