Vancouver — Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients. Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals, are in talks, ranging from preliminary to more advanced, with more than a dozen groups, including car and battery makers, on financing their projects, their chief executives said. The interest in miners from downstream players along the battery supply chain — a new area of investment for most — would provide a life-line to miners at a time when equity funding for developers remains relatively tight after a five-year downturn on weak metals prices. "We anticipate additional transactions in the coming months and years. It is a function of demand-supply imbalance," said John Kanellitsas, president and vice-chairman of Lithium Am...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now