Business

The Huron-Superior Regional Métis Community (Métis Nation of Ontario Region 4) has launched a new initiative that will invest in the growth of Métis-owned small businesses within the region.   “Local small businesses are the backbone of any economy, and our people have been entrepreneurs since the day of the Fur Trade” says Regional Councillor, Mitch Case. “The goal of ...

Red Pine Exploration Inc. reported new drill results from its continuing exploration program. The results demonstrate the pervasiveness of gold mineralization over broad areas surrounding the Surluga resource, including significant intersections in the hanging wall of the Jubilee Shear Zone at the 100%-owned Wawa project, northern Ontario. Significant intersections in the Minto B/Jubilee Triangle confirm the presence and continuity of ...

Argonaut Gold Inc. announced that Marc Leduc, P.Eng. has been appointed Chief Operating Officer of the Company. “Marc and I worked closely at Barrick Gold and most recently in a private venture. I believe that Marc has the right skill set to facilitate Argonaut’s repositioning to a lower-cost North American gold company with significant organic growth opportunities,” stated Richard Young, ...

Red Pine Exploration Inc. is pleased to report results from its continuing exploration program. Hole SD-22-396 intersected significant mineralization in the Surluga North Vein Network above the Jubilee Shear Zone (hanging wall) of the current resources of the Wawa Gold Project. All reported drill widths are core length unless otherwise stated. High-grade mineralization in the Surluga North Vein Network extended ...

Dec 30, 2022 at 08:01 Kingsview Minerals Ltd. is pleased to announce that the Company has closed a non-brokered flow-through private placement for gross proceeds of $340,510. As part of the flow-through financing, Kingsview issued 4,006,000 flow-through units (the “FT Units”) at a price of $0.085 per FT Unit. Each FT Units consisted of one common share issued as a ...

Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces that Larry Radford will step down as President and Chief Executive Officer (CEO) effective immediately for personal health reasons. The Board of Directors has appointed Richard Young as President and CEO and Director of the Board of the Company.  Mr. Radford will stay on at Argonaut as a ...

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 ...