Government of Canada supports scale up and growth of Thorold business
News release
Local business receives funding to enhance operations and boost environmentally-friendly practices
March 6, 2025 – Thorold, Ontario
The Niagara region is a hub for innovation with strengths across key sectors like manufacturing, agri-business and tourism. The Government of Canada is committed to supporting businesses as they drive sustainable growth and innovation, and help to shape a strong future for southern Ontario’s economy.
Today, the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), visited Destiny Copper Inc. (Destiny Copper). 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 innovative, 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, significantly 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.
This investment underscores the Government of Canada's ongoing commitment to supporting our businesses as they foster sustainable, homegrown innovation while contributing to the growth of southern Ontario and Canada’s economy.
Quotes
“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.”
– The Honourable 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.”
– Vance Badawey, Parliamentary Secretary to the Minister of Transport and Internal Trade and Member of Parliament for Niagara Centre
“When we support local businesses, we’re not just helping them grow — we’re strengthening our entire community. Here in Niagara and across Canada, this means more opportunities, a stronger local economy, and greater access to Canadian-made products that are essential to key industries in southern Ontario.”
– 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
“As a serial entrepreneur who has guided companies from initial idea to large-scale job creation and successful exits, I can confidently say that Ontario, Canada, is the premier global destination for commercializing breakthrough clean technologies. The remarkable progress of our patented copper extraction technology would not have been possible without the invaluable support from the Government of Canada.”
– Greg Hanna, Chief Executive Officer and Founder, Destiny Copper
Quick facts
-
Niagara’s manufacturing sector is an important economic engine for the region, accounting for the largest portion of Niagara’s GDP.
-
Incorporated in 2015 in Thorold, Destiny Copper Inc. turns mining and industrial waste into high-quality copper powder using an environmentally-friendly, low-energy process developed in Canada.
-
Since 2015, FedDev Ontario has invested over $530 million in more than 170 advanced manufacturing projects, estimated to create and maintain over 19,000 jobs.
-
Since November 2015, FedDev Ontario has invested over $120 million in more than 160 projects in the Niagara Region, estimated to support the creation or maintenance of more than 6,700 jobs.
Associated links
Contacts
Cindy Caturao
Press Secretary
Office of the Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario
Cindy.Caturao@feddevontario.gc.ca
FedDev Ontario
Media Relations
media@feddevontario.gc.ca
Stay Connected
Follow us X, Instagram, LinkedIn, Facebook
Subscribe to FedDev Ontario's Southern Ontario Spotlight newsletter, featuring economic development news and updates from across the region.
Page details
- Date modified: