Federal government announces $2.5M for Destiny Copper Inc.
March 7, 2025
by CM Staff
Destiny Copper is using an environmentally-friendly process developed in Canada to produce copper powder from mining and industrial waste.
THOROLD — On Mar. 6, Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), visited Destiny Copper Inc. She was accompanied by Vance Badawey, Parliamentary Secretary to the Minister of Transport and Internal Trade and Member of Parliament for Niagara Centre; and Chris Bittle, Parliamentary Secretary to the Minister of Housing, Infrastructure and Communities and to the Minister of Families, Children and Social Development and Member of Parliament for St. Catharines. Together, they learned how the company is using an environmentally-friendly process developed in Canada to produce copper powder from mining and industrial waste.
While there, Minister Sahota announced a $2.5 million repayable investment for Destiny Copper to scale production of their high-quality copper powder. This powder is upcycled from mining and industrial waste, reportedly reducing greenhouse gas emissions and providing a sustainable solution to meet the growing demand for copper in clean energy applications and can be used across various industries, including clean energy generation, electronics and electric vehicle industries.
“Now more than ever it is important to support Canadian businesses. Today’s investment in Destiny Copper Inc. highlights our government’s commitment to driving innovation and sustainable growth across southern Ontario’s economy,” said Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario.
“Situated at the heart of the Thorold Multimodal Hub along the Niagara Ports Trade Corridor, Destiny Copper stands as a leader in innovation. Today’s announcement enables them to expand and unlock new opportunities for growth, strengthening the Niagara economy,” said Vance Badawey, Parliamentary Secretary to the Minister of Transport and Internal Trade and Member of Parliament for Niagara Centre.
