Business

NORDIK Institute and Algoma University are conducting research throughout the Algoma District that will support the recovery and development of the tourism industry in Northern Ontario, emerging out of the COVID-19 pandemic.   The Northern Ontario Tourism Development and Recovery Strategy in the Face of the COVID-19 Pandemic project aims to understand how tourism-based economies have grown and to identify ...

L’Institut NORDIK et l’Université d’Algoma mènent des recherches dans tout le district d’Algoma qui appuieront la reprise et le développement de l’industrie du tourisme dans le nord de l’Ontario, émergeant de la pandémie COVID-19. Le projet de développement et de rétablissement du tourisme dans le Nord de l’Ontario face à la pandémie du COVID-19 vise à comprendre comment les économies ...

CN and Watco are pleased to announce that they have reached an agreement for the sale of non-core lines and assets on the Soo subdivision (approximately 250 miles of track) that runs from Sault Ste. Marie, Ontario to Oba, Ontario and approximately 650 miles of branch lines of Wisconsin Central Ltd. in Wisconsin and Michigan. This marks the successful conclusion ...

The Northeastern Ontario Rail Network (NEORN) is excited to announce the Ontario government has committed to funding the next step to moving forward on the project with $5M and hopefully then to the final stage: putting ‘bums in seats’ on the train between Toronto and Timmins/Cochrane. Quoted from Page 106 Ontario Budget 2021 (https://budget.ontario.ca/2021/pdf/2021-ontario-budget-en.pdf) “Ontario is committed to reviewing initiatives ...

Red Pine Exploration Inc. is pleased to announce that it has completed its previously announced best efforts private placement for total gross proceeds of $20,026,805 in connection with the acquisition of the remaining interest in the Company’s flagship Wawa Project. The Offering consisted of 37,567,400 subscription receipts of the Company (the “Subscription Receipts”) at a price of C$0.40 per Subscription ...

Harte Gold Corp.  is pleased to announce that New Gold Inc. has agreed to make a strategic investment in Harte Gold.  The investment, by way of a private placement subscription by New Gold of 154,940,153 common shares of the Company at a price of $0.16 per share, will result in Harte Gold raising total gross proceeds of approximately $24.8 million ...

Al Errington (Errington’s Wilderness Island Resort) was trying to find a solution to reduce the risks of COVID-19 transmission in the tourism industry when his research led him to references to Far-UVC. 10 years ago, scientists discovered that Far-UVC inactivates viruses and bacteria without harming people, animals or plants. Far-UVC is ultraviolet light in the low end of the ultraviolet ...

  Investors may have the impression that they pay no fees when investing in Guaranteed Investment Certificates (GICs). The truth is that the interest you are paid on a GIC is much less than what the bank earns when your money is invested in loans or mortgages. The difference that the bank retains is referred to as the “spread”. The ...

The Mask-wa Transportation Association Inc. (MTA Inc.) Board is pleased to announce we have received funding from Community Foundations of Canada through the Investment Readiness Program. This funding of $50,120 will enable the MTA Inc. Board to hire a local marketing firm, Jeronamo Solutions, to develop, distribute and analyze a market survey to assess who is interested in travelling on ...

Red Pine Exploration Inc. has announced that it has entered into a definitive securities purchase agreement with the holders of the partnership interests in Citabar Limited Partnership, which will result in Red Pine consolidating a 100% ownership in the Wawa Gold Project located near Wawa, Ontario. All amounts in this press release are denominated in Canadian dollars. Highlights: Red Pine ...

On April 14, 2021, Workplace Safety North (WSN) expects to host 500 online attendees at its annual Mining Health and Safety Conference.   The event brings together Ontario’s mining industry to share knowledge and innovations regarding safety programs and hazards specific to mining.   Usually the three-day in-person Sudbury event is sold out, but this year the conference is being ...

Autonomous passenger vehicles have become ubiquitous in news feeds around the world and even the realm of commercial trucking is working toward a future where trucks will one day be driverless. In Northern Ontario, there is a shortage of truck drivers to haul timber on logging roads that can be challenging to navigate due to both adverse road and weather ...

Wesdome Gold Mines Ltd. has sold its Moss Lake Project to Goldshore. Goldshore will acquire all of Wesdome’s property, assets and rights related to Moss Lake. Wesdome purchased the remaining shares in Moss Lake in the first quarter of 2014. In 2016, Wesdome completed the acquisition of mining properties adjoining the Moss Lake property, creating a block of land comprised ...

Argonaut Gold Inc. has announced that the province of Ontario has filed the Closure Plan for the Magino project.  Argonaut explains, “Site preparation, such as tree removal and clearing, is expecting to commence imminently, with construction scheduled to begin as soon as site preparation is complete.”  Construction should take two years, with first gold production at Magino during the first ...

Economic recovery, future growth, job creation and sustainability were all topics that were discussed in the Northern Ontario Circular Economy Symposium that was hosted virtually on January 19.   The circular economy movement is one of the biggest ideas in sustainable thinking at the moment. Visualize an economy where we minimize waste and generate prosperity for future generations. Creating more ...