Alliance Magnesium is the birth of a company of valuation and innovation in the fight against climate change. It is, by the same to the fact, the story of entrepreneurs who persevered despite the obstables. When the cause supports the will, hope remains present.

Alliance Magnesium is the first company to interest Magnola Metallurgy and Magnola Mines in what it represents. Indeed, the founders saw it as a project to combat climate change, infrastructure already in place and maintained, an exceptional site and waste in large quantities to be transformed into value-added metal. Initially tenant of the site for a few years, Alliance Magnesium is now the owner.

Recognition of the environmental, technological innovation, economic potential, safety and health of workers and management competency of executives contributed to the development of the financial model and the signing of important financial partnerships.

Since then, Alliance Magnesium has consistently proven to governments, the financial community, the public, shareholders and its workers the environmental, economic and social potential of its activities. Alliance Magnesium has obtained all the necessary certifications and approvals, contributed to the due diligence of government backs, four institutional financial groups and numerous strategic partners and shareholders.

Nothing is left to chance: the transformation of an environmental and mining liability into a value-added economic asset is done at Alliance Magnesium with the utmost respect for health, safety and the environment, in addition to participating in the influence of the technological knowledge of Quebec engineering internationally.

Alliance Magnésium

2012
2012

Alliance Magnesium Inc. founded

2012

Development of the business plan

  • Technology and engineering audit
2013
2013

Training of the Board of Directors and the management team

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

Training of the 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