Business

Argonaut Gold will sell its Ana Paula gold project in Guerrero State, Mexico for $30 million in cash and shares to Heliostar. Heliostar (Vancouver based) will pay $10 million upfront; $5 million in shares upon renewing the open-pit mining permit or obtaining a new underground mining permit; $2 million upon completion of a feasibility study or July 1, 2024 (whichever ...

Le gouvernement de l’Ontario a approuvé une évaluation environnementale concernant l’extraction de métaux du groupe des platineux près de Marathon, ce qui appuie sa priorité de promouvoir le secteur minier de l’Ontario. Le Projet de palladium de Marathon de Generation PGM appuie la Stratégie ontarienne relative aux minéraux critiques en créant une autre source de palladium en Amérique du Nord. ...

The Ontario government has approved an environmental assessment proposal to mine platinum group metals near Marathon, supporting the province’s priority of promoting Ontario’s mining sector. Generation PGM’s Marathon Palladium Project supports Ontario’s Critical Minerals Strategy by creating another North American source of palladium and is expected to produce an average of 245,000 ounces of palladium equivalent production annually over an ...

Le gouvernement de l’Ontario verse par l’entremise de la Société de gestion du Fonds du patrimoine du Nord de l’Ontario (SGFPNO) 4,9 millions de dollars à l’appui de 24 projets de tourisme dans le Nord de l’Ontario. Cet investissement aidera à créer des emplois, à étendre les activités commerciales, à stimuler le développement économique et à attirer des visiteurs dans ...

The Ontario government is providing $4.9 million through the Northern Ontario Heritage Fund Corporation (NOHFC) to 24 tourism projects in Northern Ontario. This investment will help create jobs, expand business operations, stimulate economic development and attract visitors to the north. Greg Rickford, Minister of Northern Development, made the announcement at the Northern Ontario Tourism Summit. “Northern Ontario is an incredibly ...

Argonaut Gold Inc. regrets to announce a fatal accident occurred at its Magino Project in northern Ontario. On Monday, November 14th at approximately 10:57 am, an isolated incident occurred involving a contractor working on the construction of the mill facility which has resulted in a fatality. “We are profoundly saddened by this accident. The safety of our employees and contractors ...

Generation Mining Limited and Biigtigong Nishnaabeg have approved a Community Benefits Agreement in respect of the Marathon Palladium Copper Project. The Community Benefits Agreement (CBA) was ratified through a membership vote on November 12th. The CBA details how the Project’s impacts on the community will be mitigated, and the benefits that the community will receive. In the agreement Generation Mining ...

Angus Gold is pleased to announce an update on exploration activity at its wholly-owned Golden Sky Project in Wawa, Ontario. In 2022, we will successfully complete drilling campaigns totalling approximately 42 boreholes 9,500 A meter focused on multiple gold targets along the Dorset Deformation Zone and Banded Iron Formation. Based on the promising visual results, over the summer the company ...

Argonaut Gold Inc. has announced that the Company has closed its previously announced US$250 million Loan Facilities and drawn down the first tranche of US$80 million of the loan facilities which was used to repay the balance outstanding on the former revolving credit facility. The Loan Facilities consist of a term loan of US$200 million and a revolving credit facility of ...

Kingsview Minerals Ltd.  is pleased to announce an agreement with RT Minerals to acquire their Norwalk Project located between Kingsview’s Hubcap Project (east and west properties) and Red Pine Exploration’s Wawa Gold Project. Norwalk consists of 33 claims covering approximately 460 hectares. The Red Pine discovery of visible gold in the Jubilee Shear Zone south of the Parkhill Fault in ...

Generation Mining Limited announces that its wholly-owned subsidiary, Generation PGM Inc., which is developing the Marathon Palladium Copper Project near Marathon, Ontario, has entered into an agreement with Hycroft Mining Holding Corporation for the purchase of an unused, surplus SAG mill and ball mill currently stored in Nevada and Texas, USA for US$12,000,000, of which US$500,000 is due on signing, ...

Ontario has committed nearly $4 billion to bring high-speed internet access to every corner of the province by the end of 2025. The Ontario government is bringing high-speed internet access to up to 266,000 unserved and underserved homes and businesses, marking another milestone in its plan to help connect every corner of the province by the end of 2025. “Our ...

Generation Mining Limited has announcee that the Joint Review Panel established to conduct an environmental assessment of the Company’s Marathon Palladium Copper Project near Marathon, Ontario has delivered its report. The Reports sets out recommendations for the Company, and the federal and provincial governments, to mitigate or minimize any adverse effects of the Marathon Project. The completion of the Panel ...

Algoma Steel Group Inc. announced today, July 20th, 2022 that the Company has reached a tentative agreement for a new labour contract with United Steelworkers (“USW”) Local 2724, the union representing its technical, professional and front-line supervisory employees. The current collective agreement expires July 31, 2022. Ratification votes are scheduled for July 21st through July 25th, 2022. The Company will ...

Generation Mining Limited announces that its wholly-owned subsidiary, Generation PGM Inc. (“Gen PGM”), which is developing the Marathon Palladium Copper Project near Marathon, Ontario, has entered into an agreement with Valard Equipment LP for the lease of a construction camp located in Marathon, Ontario until June 30, 2023 and an option, exercisable at Gen PGM’s discretion, to purchase the Camp ...