Indigenous Company Carbonix Receives Investment from the Ontario Government’s Critical Minerals Innovation Fund

Carbonix Inc. announced today that the company received $475,000 CAD in non diluted funding from Ontario’s Critical Minerals Innovation Fund that targets research and innovation to build up the supply chain for the critical minerals sector. Carbonix is an Indigenous Canadian Clean Tech Company specializing in the development of advanced materials and is pleased to strengthen its partnership with Ontario to support the transition to the economy of the future.

PETERBOROUGH, ON, Aug. 3, 2023 /PRNewswire-PRWeb/ — Carbonix Inc. announced today that the company received $475,000 CAD in non-diluted funding from Ontario’s Critical Minerals Innovation Fund that targets research and innovation to build up the supply chain for the critical minerals sector. Carbonix is an Indigenous Canadian Clean Tech Company specializing in the development of advanced materials and is pleased to strengthen its partnership with Ontario to support the transition to the economy of the future.

Carbonix is developing opportunities where our technology and field activity management practices can be applied to projects where Indigenous communities, industry, and government intersect on resource extraction and environmental issues that impact people’s health and relationship with the natural environment.

“The support made available from the Critical Minerals Innovation Fund is integral to Carbonix’s commitment to help facilitate Ontario’s transition to a clean economy and a resilient manufacturing sector,” said Paul Pede, President and CEO, Carbonix Inc.

Carbonix is supporting Ontario’s strategic advancement toward becoming a critical minerals processing center, by developing battery materials required for the emerging electric vehicle (EV) revolution for the manufacturing industry. Over the past 7 years, Carbonix has developed processes, products, and intellectual property designed to support a low-carbon economy. Carbonix’s technological advances, developed at Trent University, can accelerate Ontario’s transition into EV and component manufacturing using locally and sustainably sourced high-carbon feedstocks, converting them into battery-grade materials.

“At the Inorganic Materials Research Laboratory here at Trent, we are very excited for this opportunity to continue our collaboration with Carbonix to develop cleantech materials,” said Dr. Andrew Vreugdenhil, Professor of Chemistry, Trent University. “The area of critical minerals is so important for Ontario to develop, and we are delighted to be able to play a part.”

This project will focus on refining the processes that enable the conversion of existing and available mining waste, pet coke, and hydrogen production by-product amorphous carbons, into high-energy-density graphite used in anode and cathode production.

“Our government is proud to invest $475,000 in the Indigenous Canadian company Carbonix, which specializes in the development of advanced materials that we need for the technologies of tomorrow,” said George Pirie, Minister of Mines. “This fantastic company is using innovative technology to convert existing and available mining waste, and other by-products, into graphite used in the production of batteries and EVs. Investing in projects and companies like this one is another step closer to achieving our goal of fueling the global EV revolution.”

“Carbonix is an outstanding Indigenous owned company that has a forward-thinking, strategic vision for the future of resource development within the province,” said Greg Rickford, Minister of Indigenous Affairs and Minister of Northern Development. “We are confident our government’s investment in Carbonix will lead to substantial growth across key sectors in the North, while making significant contributions to the EV supply chain across the province.”

“This collaboration is yet another example of Trent University being on the front lines of innovation in the critical minerals space,” said Dave Smith, Member of Provincial Parliament for Peterborough Kawartha. “By partnering with an amazing Indigenous-owned company like Carbonix, Trent is making Peterborough a vital part of the supply chain for the technologies of tomorrow including the EV revolution.”

As an Indigenous company, Carbonix is continually helping to mitigate the effects of anthropogenic and natural environmental impacts on air, water, and soils by the expansion of global innovative solutions through the application of novel nano technologies. Our approach is to develop clean technology solutions based on a circular economy that are designed to reduce environmental impacts. This method is a hybrid approach of science and Indigenous customary practices that promote a safe, healthy, and clean environment for all people.

About Carbonix

Carbonix is an Indigenous Canadian advanced materials company specializing in the development of sustainable products that support the nation’s resource extraction industries and energy transition strategies. Our manufacturer-direct model leverages our core strengths in advanced material technologies, indigenous engagement, partnerships in the resource extraction industry, and end-user customer requirements. Our products include adsorbents and flocculants engineered for recalcitrant mining and oil sands applications through to battery materials such as carbon blacks and synthetic graphite’s tailored for the EV, energy storage, and transportation industries. All our products are built off our proprietary carbon scaffold platform, which economically and sustainably converts high carbon content waste streams into high value-add products.

For further information please contact:

Paul Pede, President/CEO

Email: [email protected]

Telephone: (416) 994-4756

www.carbonix.ca

Carbonix Inc.

1000 Chippewa Road

Fort William First Nation, ON

P7J 1B6

Media Contact

Paul Pede, Carbonix, 1 416-994-4756, [email protected], www.carbonix.ca

Marvin Pelletier, www.carbonix.ca, 1 8076214255, [email protected], www.carbonix.ca

 

SOURCE Carbonix

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.