Business

The Federation of Northern Ontario Municipalities (FONOM) is welcoming the announcement today that the provincial government will share resource extraction revenues with Northern Ontario municipalities. Announced by Greg Rickford, Ontario’s Minister of Northern Development, Mines, Natural Resources and Forestry, this new revenue-sharing arrangement will see funding dispersed to municipalities to help offset costs associated with repairing and maintaining local infrastructure ...

  Angus Gold Inc. is pleased to announce the first set of assay results from its ongoing drill program at the Golden Sky Project in Wawa, Ontario. Results from twelve (12) holes totalling 2,295 metres from the 20,000-metre drilling program were successful in confirming high-grade mineralization and have shown the potential for the expansion on the Dorset Deformation Zone. Holes ...

HARTE GOLD CORP. announces that it has been advised that BNP Paribas (“BNPP”) has assigned its rights and obligations in its capacity as lender under the Amended and Restated Credit Agreement made as of August 28, 2020 (as amended to the date hereof, the “Credit Agreement”) and the Forbearance Agreement made as of July 30, 2021 (as amended to the ...

Silver Lake Resources Limited advises that it has acquired credit facilities (the “Facilities”) provided by BNP Paribas (“BNP”) to Harte Gold Corp. Harte Gold is a TSX-listed gold mining company which owns and operates the Sugar Zone mine in Ontario, Canada, with an associated 81,287 hectare land package. Further information in relation to Harte Gold and the Sugar Zone Mine ...

Harte Gold announces that it has obtained an additional funding commitment of US$2 million from BNP Paribas (“BNPP”) pursuant to an amendment of its existing Revolving Credit Facility with BNPP which allows Harte Gold to continue operating while efforts to secure a transaction in its Strategic Review Process continue. The Strategic Review Process has not yet resulted in any binding ...

The Ontario government is building Ontario by attracting jobs and investment in every corner of the province, including historic and transformative investments such as Algoma Steel’s all-new low-emission Electric Arc Furnace (EAF). “Previously, Algoma Steel was buried in red tape, facing unpredictable skyrocketing hydro costs, and struggling to stay competitive, keep the lights on, and support current and retired workers,” ...

Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that its Board of Directors has authorized the Company to construct two new state- of-the-art electric-arc-furnaces (EAF) to replace its existing blast furnace and basic oxygen steelmaking operations. The transformation is expected ...

Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2021. Unless otherwise specified, all amounts are in Canadian dollars. Michael McQuade, the Company’s Chief Executive Officer, said, “Our financial results for the fiscal second quarter demonstrate continued solid execution by ...

The Superior East Community Futures Development Corporation is a non-profit regional organization covering the Superior East Region.  Over the years it has approved over $26 million in loans helping to create or maintain 2,919 jobs in the region.  Over the past year it has also provided over $1 million in RRRF loans to assist small businesses through the pandemic.  Special ...

La Société d’aide au développement des collectivités de Supérieur Est est un organisme régional sans but lucratif qui dessert la région de Supérieur Est.  Au fil des ans, elle a accordé plus de 26 millions de dollars en prêts, ce qui a permis de créer ou de maintenir 2 919 emplois dans la région.  Au cours de la dernière année, ...

Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report a significant gold intersection from its 2021 drilling program in the Surluga South discovery area of its Wawa project in Ontario. The Surluga South discovery is now extending up to 500 metres down-dip from the boundary of the current mineral resource of the Surluga Deposit. ...

Harte Gold announced its results for the three months ended September 30, 2021. The Company’s unaudited financial results for three months ended September 30, 2021 (“Q3 2021”), together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.hartegold.com.  All currency references in this ...

Harte Gold Corp., announces a third amendment to its Forbearance Agreement with BNP Paribas (“BNPP”). The Forbearance Agreement, initially announced on July 30, 2021, and amended on September 30 and October 15, 2021, has been further amended pursuant to an Amending Agreement dated October 29, 2021, which extends the date to which BNPP has agreed, subject to certain terms and ...

Red Pine Exploration Inc. further to its press release dated August 20 th 2021 announces the completion of the sale of all of Red Pine’s Algoma-Talisman gold prospective property located in Newton Township, Ontario to Newton Gold Corp. for a total purchase price of CAD $1,050,000. Red Pine has now received the remaining CAD $500,000 of the cash portion of ...

Manitou Gold Inc. is pleased to announce high-grade assay results from two diamond drill holes at the recently discovered Bald Eagle gold zone at its 100% owned Goudreau project in northern Ontario. Highlights: All six drill holes at the BEGZ intersected significant gold mineralization, including the most recent two step-out holes drilled 100 m east-southeast of previously announced drill holes. ...