Business

Harte Gold Announces Execution of Subscription Agreement and Loan Agreement and Makes Application Under Companies’ Creditors Arrangement Act

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 ...

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Golden Goliath Resources marks passing of Bob Middleton

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 ...

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Harte Gold Announces Fifth Amendment to Forbearance Agreement

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, ...

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The Canada Infrastructure Bank and Algoma Steel Finalize Previously Announced Agreement to Finance Green Steel Transformation Plan

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 ...

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Red Pine Announces Engagement of GoldSpot Discoveries to Examine the Wawa Gold Project

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 ...

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FONOM is extremely pleased and thankful for the announced resource sharing

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 ...

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Angus Gold announces first set of assay results from drill program at Golden Sky

  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 ...

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Harte Gold Announces BNPP’s Assignment of Credit Facilities

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 ...

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Silver Lake Resources Aquires Harte Gold Credit Facilities

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 ...

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Harte Gold Announces Additional Funding Commitment of US$2 million

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 ...

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Ontario Secures Major Investment in Clean Steelmaking Technology in Sault Ste. Marie

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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,” ...

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Algoma Steel Announces Final Investment Decision for Electric Arc Steelmaking

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 ...

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Algoma Steel Group Announces Fiscal 2022 Second Quarter Results

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 ...

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Funding Available for Non-Profit Organizations in Superior East Region

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 ...

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