Business

Rentech Idles Wawa Facility; Company is now exploring Strategic Alternatives

Feb 21, 2017 @ 11:39 Rentech, Inc. announced today that its board has decided to idle the Wawa facility due to equipment and operational issues that would require additional unbudgeted capital investment. Today’s decision also results from continued uncertainty around profitability on pellets produced at the facility, making additional investment in the facility uneconomic for Rentech at this time. Idling ...

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Red Pine Stakes Additional Claims, Increases Area of Wawa Gold Project

Red Pine Exploration Inc. announces that it has staked an additional 194 hectares adjacent to its Wawa Gold Project, bringing its total land package to 5,373 hectares (Figure 1 to right). The staked ground appears to be an extension of the structure hosting the Golden Reed Mine which operated in 1907 and 1908 (calculated grade of production of 2.3 oz/ton ...

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Red Pine Exploration Seeks Funds

Red Pine Exploration Inc. is pleased to announce that it has entered into an agreement with Eventus Capital Corp. under which the Agent has agreed to act on behalf of the Company for a combined private placement of up to 16,670,000 units of the Company at a price of C$0.12 per Unit and a further 20,690,000 common shares of the ...

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Wawa Area Gold Production Surpasses 3,000,000 Ounces at end of 2015

At the end of 2015, Wawa area gold mines have produced over 3,000,000 ounces from about 13,000,000 tons of ore mined. Two gold mines in the region produced over 1,000,000 ounces of gold each: Renabie Gold Mines Ltd. (Renabie Mine) which operated from 1947 to 1991, and Wesdome Gold Mines Ltd. (Eagle River) which is still actively operating today. This is a remarkable achievement for area ...

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Government of Canada extends federal subsidy for the Algoma Central Railway passenger rail service – Service extended until March 2015

The Honourable Lisa Raitt, Minister of Transport, announced today that the Government of Canada will extend its $2.2-million federal subsidy to CN for the operation of the Algoma Central Railway (ACR) passenger rail service between Sault Ste. Marie and Hearst, Ontario until March 31, 2015. The one-year extension of federal support for the operation of the ACR passenger rail service will give affected stakeholders as well as local municipal ...

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Rentech Aquires Weyerhaeuser Mill

At 7 a.m. this morning, Rentech announced the acquisition of Georgia-based Fulghum Fibres, Inc. (Fulghum Fibres) and the acquisition of two facilities (for conversion to the production of wood pellets in Ontario, Canada, along with contracts for the sale and transport of more than four million metric tons of wood pellets over ten years. “Rentech has exclusive rights to acquire, at a ...

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Giyani Gold Abbie Lake-Keating Drilling Update

Oct 5, 2012 at 18:52 Giyani Gold Corp. through its subsidiary, 2299895 Ontario Inc., has discovered a new gold-bearing structure on its 100% owned 140 square kilometre Abbie Lake-Keating Property in the Mishibishu Archean greenstone belt near Wawa, Ontario. The discovery occurs in quartz sericite schists with near contact to sediments, and the drilling intercepted 2.0m grading 2.70 g Au/tonne ...

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Giyani Gold Starts Drilling on Ontario Gold Property

Jun 20, 2012 at 20:57 Giyani Gold Corp. is pleased to announce that an initial 1,000 metre drill program has commenced on its 100% owned Abbie Lake-Keating property located in Ontario. Geophysical surveys conducted by Giyani Gold have identified numerous structures within a large regional deformation zone that management feels worthy of drill testing for gold.  Initially a 4-5 hole ...

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Maxfield’s Changes Name and Location…

Maxfield’s Jewellers has changed their name and location. They used to be located right across from Lion’s Beach and the Drill Rig and was called Maxfield’s Jewellers. Now they have found a new home in the old Bank of Montreal on the corner of Broadway Avenue and Gold Street.   The new premises are bright and airy, with lots of ...

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