Business

The Superior East CFDC has been busy over the past year offering Covid-19 programs as well as regular loans within the Superior East Region.  The Covid-19 programs include RRRF Loans, Post Covid Professional Services and Covid Safety Protocol Project programs.  The RRRF Loans of up to $60,000 are still available to local businesses until June 30, 2021.  The Post Covid ...

Wesdome Gold Mines Ltd. has closed the previously announced sale of the Moss Lake Project to Goldshore Resources Inc. Wesdome received initial aggregate consideration of $57M, comprised of the following: Initial cash payment of $12.5 million; 30,085,000 Goldshore common shares acquired through Wesdome’s wholly-owned subsidiary Moss Lake Gold Mines Ltd. (“Moss Lake”), having a current aggregate value of $19.6 million ...

N1 Solutions Inc. (N1S) is excited to announce a contribution of $10,000 as a gold sponsor for 2021 with the Northern Ontario Angels (NOA). As an entrepreneurial company, N1S knows the importance of creating economic development opportunities and growing prosperity in Northern Ontario.   “We look forward to working with the team at NOA to provide entrepreneurs and innovative thinkers ...

The Canadian parent company of privately held Algoma Steel Inc., a leading independent steel producer with extensive steelmaking and finishing operations in Sault Ste. Marie, Ontario, Canada, and Legato Merger Corp., a special purpose acquisition company, today (May 24, 2021, 21:22) jointly announced that they have entered into a definitive merger agreement that will result in Algoma becoming a publicly ...

The Corporation of the Township of Dubreuilville is pleased to announce a new partnership with N1 Strategy, a division of N1 Solutions Inc., to guide economic development and tourism initiatives in the community.   Dubreuilville’s goal is to build on their current strategies and advance key initiatives identified as priorities. Dubreuilville is an energetic community, looking to build a strong ...

Harte Gold announced its results for the three months ended March 31, 2021. Q1 2021 Operational Highlights: Gold production: Total production of 11,776 oz Au for Q1 2021, a 9% increase over the previous quarter. Average monthly production totaled 3,925 oz Au for the quarter. Mine capital development: Averaged 14.0 metres per day, an increase of 23% over Q4 2020. ...

Magino Construction Update Site preparation and early site earthworks are well underway, and the Magino construction project continues to advance on schedule. Recent milestones include: Logging completed and commenced scaling of hardwood and hauling of softwood to local mills for processing and making firewood available to local dealers; Initiated red spruce seedling grow program with Lakehead University Greenhouse; Fish capture ...

Le gouvernement de l’Ontario fait la promotion du développement économique et de la gestion viable des forêts en soumettant une ébauche de Plan d’action en matière de biomasse forestière à la population pour examen et commentaires. Le plan d’action ontarien examine des utilisations novatrices de la biomasse forestière : sous-produits et autres matières du bois des scieries pouvant servir par ...

The Ontario government is promoting economic development and sustainable forest management by releasing a draft Forest Biomass Action Plan for public review and comment. Ontario’s action plan examines innovative uses of forest biomass: mill by-products and other wood matter with applications from heat and power generation to sustainable, low-carbon consumer products. “In our forest sector strategy, our government committed to ...

Northern Policy Institute’s latest commentary found that First Nations face hurdles when it comes to applying for and reporting on funding.   Chasing Paper: Forms over Function in First Nation Administration, by Caitlin McAuliffe explores a major obstacle for First Nations who receive funding: reporting. On average a First Nation submits over 130 reports annually about the funding they have ...

The latest chapter in Wawa’s digital revolution begins today, and with it comes a new opportunity for pandemic-stricken businesses, lockdown-weary residents and people planning to visit the bold beauty of our Northern Ontario town. Today, the Economic Development Corporation (EDC) of Wawa and Wawa’s Business Improvement Association (BIA) will unveil their latest project, eatshoplive.ca, an online directory and marketplace. All ...

Workplace Safety North (WSN), a leading provider of health and safety training and consulting, and NORCAT, a global leader in the development of skilled labour training and health and safety management, are excited to announce their new mental health education initiative. The initiative is designed to increase mental health training and awareness among employees across the mining industry. “Workplace Safety ...

Wawa and the four other municipalities that have created Lakeshore Natural Gas (Marathon, Terrace Bay, Schreiber, Manitouwadge and Wawa) have announced that a Letter of Intent for a long-term Gas Supply Agreement with Certarus Ltd. has been signed. Certarus will  transport, store and supply Compressed Natural Gas (CNG) for the proposed $55 million North Shore Gas project proposal. “We are ...

Today, Missanabie Cree First Nation, N1 Strategy Inc., a division of N1 Solutions Inc., and The Machine Shop are announcing the signing of a MOU and a partnership between the three allies. The announcement of this partnership comes with multiple opportunities and an enhanced plan to incorporate education, tourism, and the authentic Indigenous experience in Northern Ontario. Missanabie Cree First ...

Red Pine Exploration Inc. announced that it has entered into a definitive property purchase agreement with 2533258 Ontario Corp. on April 16th, 2021 to acquire 100% interest in additional mining claims located in the McMurray Township. This acquisition aligns with the Company’s strategy of consolidation of the Wawa Gold Project land package. This property (50.2 hectares) is located east of ...