Business

Red Pine Updates on its 2022 Phase 1 Drill Program – Expands Drill Program

Red Pine Exploration Inc. plans to significantly expand its exploration program into 2022. Highlights of the 2022 Phase 1 exploration program include: Expansion of the contractor drill fleet from 2 to 4 on-site operators. Approximately 60% of the program will focus on areas which have the potential to expand the current Surluga and Minto South resources. Approximately 40% of the ...

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Alamos Gold Announces Management Appointments

Alamos Gold Inc. is pleased to announce the appointments of Luc Guimond as Vice President, Operations and Khalid Elhaj as Vice President, Business Strategy. Léon Grondin-Leblanc has been promoted to General Manager, Young-Davidson. Luc Guimond has nearly 35 years of experience in the mining industry in operations management, project management, mine construction, and corporate development in Canada and Australia; and ...

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Searchmont Opens for Skiing

Searchmont Resort kicked off their 2021-2022 ski and snowboard season Thursday, December 23rd, 2021 to much anticipation. Approximately 300 guests visited the resort to hit the slopes on what turned out to be a beautiful day. With two new triple lifts and several new trails being opened this season, the resort set a new sales record this year for season ...

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L’Ontario soutient les entreprises dans les régions d’Algoma et Manitoulin

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, ...

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Ontario Supports Businesses in the Algoma and Manitoulin Regions

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 ...

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Manitou Gold Announces Closing of $1,638,000 Private Placement, Strategic Investments by Alamos Gold Inc. and O3 Mining

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 ...

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Argonaut Gold announces Review of Constuction & Change of Leadership

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 ...

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Harte Gold Announces Granting of Initial Order under Companies’ Creditors Arrangement Act and Approval of DIP Financing Agreement

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 ...

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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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