Alliance Magnesium is a new company that fights climate change through reclamation and innovation. It’s the story of entrepreneurs who persevered despite the obstacles, because they believed in their cause.

Alliance Magnesium was the first company to take interest in the assets of Magnola Metallurgy and Magnola Mines for their potential. The founders saw a climate change project, existing and well-maintained infrastructure on an exceptional site, and large quantities of tailings to be transformed into value-added metal. Alliance Magnesium now owns the site after being a tenant for a few years.

The environmental benefits, technological innovation and economic potential of Alliance Magnesium’s business plan, as well as its respect for worker health and safety and its skilled management, allowed the company to develop a financial model and sign important financial partnerships.

Since then, Alliance Magnesium has continued to demonstrate the environmental, economic and social potential of its activities to governments, financiers, the public, shareholders and its workers. Alliance Magnesium has obtained all the required certifications and permits and cooperated with government agencies, four financial institutions and numerous strategic partners and shareholders on due diligence.

Nothing is left to chance: Alliance Magnesium is turning an environmental and mining liability into a value-added economic asset with the utmost respect for health, safety and the environment, in addition to sharing Quebec’s engineering expertise with the world.

Alliance Magnésium

2012
2012

Alliance Magnesium Inc. founded

2012

Development of the business plan

  • Technology and engineering audit
2013
2013

Development of Board of Directors

2013

Seed funding

2014
2014

Loan from the Fonds de diversification économique de la MRC des Sources for the pilot plant

2014

Creation of a citizens committee to keep tabs on the project

2014

Patent

  • Acquisition of two (2) patent families
2015
2015

Installation and construction of the pilot plant at Magnola

2016
2016

Private financing agreements signed

2016

Patent

  • A family of patents obtained
2016

Financial assistance from the Fonds de diversification économique de la MRC des Sources for the pilot plant

2016

Contribution from Sustainable Development Technology Canada

2017
2017

Certificate of authorization

  • Magnesium recycling certificate of authorization obtained for the pilot plant
2017

Employees

  • 12 employees including 7 in the plant
2018
2018

Development of the financial model and private financing arrangements

2018

Public information meetings

2019
2019

Federal and provincial government participation in the commercial demonstration plant

2019

Marubeni as a shareholder

2019

Recognition and funding from Transition énergétique Québec

2020
2020

New Board of Directors

2020

Collaboration agreement with the Carrefour d’innovation sur les matériaux de la MRC des Sources (CIMMS)

  • Research and development
2020

Certificate of authorization for the commercial demonstration plant obtained

2020

Financing

  • Fondaction as a shareholder
  • Financial assistance from Investissement Québec
  • Commercial demonstration plant financial close
2020

Progressive hiring

2021
2021

Completion of casting centre construction

2021

Start of commissioning

2021

Gradual increase in production

2022
2022

Construction of the 50,000 tonne plant begins