Business

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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Red Pine Intersects 3.08 g/t Gold over 55.66m at Wawa Project

Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report a significant gold intersection from its 2021 drilling program in the Surluga South discovery area of its Wawa project in Ontario. The Surluga South discovery is now extending up to 500 metres down-dip from the boundary of the current mineral resource of the Surluga Deposit. ...

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Harte Gold Announces Third Quarter Results

Harte Gold announced its results for the three months ended September 30, 2021. The Company’s unaudited financial results for three months ended September 30, 2021 (“Q3 2021”), together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.hartegold.com.  All currency references in this ...

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Harte Gold Announces Third Amendment to Forbearance Agreement with BNPP and Provides Update on Strategic Review Process

Harte Gold Corp., announces a third amendment to its Forbearance Agreement with BNP Paribas (“BNPP”). The Forbearance Agreement, initially announced on July 30, 2021, and amended on September 30 and October 15, 2021, has been further amended pursuant to an Amending Agreement dated October 29, 2021, which extends the date to which BNPP has agreed, subject to certain terms and ...

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Red Pine Announces Completion of Sale of Algoma-Talisman Property

Red Pine Exploration Inc. further to its press release dated August 20 th 2021 announces the completion of the sale of all of Red Pine’s Algoma-Talisman gold prospective property located in Newton Township, Ontario to Newton Gold Corp. for a total purchase price of CAD $1,050,000. Red Pine has now received the remaining CAD $500,000 of the cash portion of ...

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Manitou Gold Intersects 19.7 g/t Au in New Discovery at the Bald Eagle Gold Zone

Manitou Gold Inc. is pleased to announce high-grade assay results from two diamond drill holes at the recently discovered Bald Eagle gold zone at its 100% owned Goudreau project in northern Ontario. Highlights: All six drill holes at the BEGZ intersected significant gold mineralization, including the most recent two step-out holes drilled 100 m east-southeast of previously announced drill holes. ...

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Municipality of Wawa to Cease Funding to the Economic Development Corporation of Wawa

At its Council Meeting held Tuesday, October 19, 2021, Municipal Council approved the recommendation of a Third-Party Consultant’s Report to cease funding the Economic Development Corporation of Wawa (EDC). Financial support to the external Corporation will continue until April 30, 2022, when the Municipality of Wawa will assume full responsibilities for delivering economic development services directly. The new structure for ...

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Algoma and Triple M Metal Establish Metals Sourcing Joint Venture

Algoma Steel Group Inc., a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has entered into a joint venture with Triple M Metal LP, one of North America’s largest privately-owned ferrous and non-ferrous metal recycling companies, establishing a jointly owned company known as ATM Metals Inc. The new entity will source ...

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