An Alberta-based company aiming to extract lithium from the province's old oilfields has received $37 million from the federal government.
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Ottawa gives $27M to Calgary's E3 Lithium to process the critical EV mineral in AlbertaThe facility, located between Calgary and Edmonton, will be the first step toward a full-scale lithium production plant that will produce up to 20,000 tonnes of battery-grade lithium, needed for the electric-vehicle supply chain.
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Alberta-based E3 Lithium gets $37M from feds to support oilfield lithium extraction | Globalnews.caE3 Lithium has developed a technology to extract lithium, a light metal used to make EV batteries, from oilfield brines.
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The Week Ahead: Big six bank earnings; GDP data due - BNN BloombergA look at what investors will be watching in the upcoming week.
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U.S. equities drop on protests in China, oil plunges - BNN BloombergShares slid and oil tumbled as growing unrest in China over COVID restrictions sent a shiver through global markets.
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Oil plunges to lowest since 2021 as China unrest rattles market - BNN BloombergOil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to the stresses in an already-volatile global crude market.
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Banks to give financial update in Q4 results ahead of possible recession next year - BNN BloombergCanadian banks are set to reveal how they're faring in the lead up to a possible recession as they report quarterly earnings this week.
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