Business

Le gouvernement de l’Ontario octroie plus de 1,5 million de dollars pour aider 74 entreprises locales dans les régions d’Algoma et Manitoulin à se conformer aux lignes directrices en matière de santé publique liées à la COVID-19. Le financement est consenti dans le cadre du Programme de relance économique du Nord de l’Ontario (PRENO) et appuiera la rénovation de bâtiments, ...

The Ontario government is providing more than $1.5 million to help 74 local businesses adapt to COVID-19 public health guidelines in the Algoma and Manitoulin regions. The funding is being delivered through the Northern Ontario Recovery Program (NORP) and will support building renovations, installation of safety equipment and health and safety upgrades. “Our government is standing shoulder-to-shoulder with northern business ...

Manitou Gold Inc.is pleased to announce that it has closed a non-brokered private placement pursuant to which it has issued an aggregate of 9,000,000 common shares at a price of $0.06 per Share and 15,685,714 “flow-through” common shares at a price of $0.07 per FT Share, to raise aggregate gross proceeds of $1,638,000. The Company also issued an aggregate of ...

Argonaut Gold Inc. announces that it has completed a review of the estimated construction capital at completion (“EAC”) of its 100%-owned Magino project in Ontario, Canada. The Company also announces a change in leadership. All dollar amounts are expressed in Canadian dollars, unless otherwise specified. “US$” refers to United States dollars.   Leadership Change The Company announces that Pete Dougherty ...

HARTE GOLD CORP. announces that the Ontario Superior Court of Justice (Commercial List) (the “Court“) has granted the Company’s application for an Initial Order under the Companies’ Creditors Arrangement Act. Pursuant to the Initial Order, the Company has obtained protection from its creditors under the CCAA for an initial period expiring December 16, 2021 (the “Stay Period“), the maximum permitted ...

HARTE GOLD CORP. announces that it will file today (December 7, 2021) an application to the Ontario Superior Court of Justice for an Initial Order under the Companies’ Creditors Arrangement Act. In conjunction with the commencement of the CCAA Proceedings, Harte Gold has entered into a subscription agreement (the “Subscription Agreement”) with 1000025833 Ontario Inc. (the “Investor”), a wholly-owned indirect ...

Golden Goliath Resources is saddened to acknowledge the passing of Mr. R.S. (Bob) Middleton P.Eng. The Company was proud to have Bob as a member of the its Advisory Board for the last two years. Bob was a highly accomplished Geologist, Geophysicist, and Professional Engineer (P.Eng.), registered in Ontario. He had more than five decades of fieldwork, mine discoveries, and ...

HARTE GOLD CORP. announces a fifth amendment to its Forbearance Agreement with BNP Paribas (“BNPP”), as administrative agent and Qualified Risk Management Lender under the Debt Facilities, and a wholly-owned subsidiary of Silver Lake Resources Limited (“Silver Lake”) as Lender under the Debt Facilities. The Forbearance Agreement, initially announced on July 30, 2021, and amended on September 30, October 15, ...

The Canada Infrastructure Bank (CIB) and Algoma Steel Inc., a subsidiary of Algoma Steel Group Inc. (Nasdaq: ASTL; TSX: ASTL) (Algoma) have entered into a definitive agreement with respect to the CIB’s previously announced commitment to finance the transformational upgrade of Algoma’s steelmaking processes at its facility in Sault Ste. Marie, Ontario. Under the terms of the agreement, the CIB ...

Red Pine Exploration Inc. announces it has engaged GoldSpot Discoveries, to apply its proprietary machine learning technology and greenfield geoscience expertise on the Wawa Gold Project. GoldSpot Discoveries (“GoldSpot”) will bring its proven artificial intelligence expertise that has previously led to important mineral discoveries. GoldSpot is a technology company focused on developing artificial intelligence technologies for the mining and exploration ...

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 ...