Canada has money allocated for Lithium Battery expansion on many fronts.  Electrovaya is sure to get some along the way.  It looks like Electrovaya is setting up to split off the Lab to a seperate company.  That is how they started as a research company.  The other part would be the manufacturing portion.  I see the manufacturing portion merging with another company to build a cell plant with possible government money.

My question is will the shareholders participate in the new Lab company?  Or will they sell off for cash to EFL and shareholders only benefit by the money EFL gets?  As I said earlier this is going to get real interesting.  I think come shareholders meeting in March there will be voting on issues around this topic.  JMHO and yes I am speculating.