Jan 2, 2025 · West Red Lake Gold Mines has secured a loan to assist in the restart of the inactive Madsen Mine in Red Lake. The Vancouver gold company announced Dec. 31 that it has entered into a loan agreement with Nebari Natural Resources Credit Fund II LP to borrow up to a maximum amount of US$35 million. The funds will be issued in three tranches with the first tranche drawn down on Dec. 31.

Dec 30, 2024 · A significant hydrogen discovery has been made on the Quebec side of Lake Timiskaming with the potential scale and magnitude that could put this region of western Quebec on the map. Quebec Innovative Materials has been exploring and evaluating what appears to be a district-sized pocket of naturally occurring hydrogen spread out over a 300-square-kilometre land package of both forested and ...

Oct 25, 2024 · West Red Lake Gold Mines has raised $76.7 million to finance the restart of the Madsen Mine in Red Lake The Vancouver gold company wants to put Madsen back into production sometime in 2025. The financing package is made up of a $48-million loan facility from Nebari Natural Resources Credit Fund II and $28,750,000 million bought deal financing led by Raymond James for the sale of 41,666,800 ...

Jun 21, 2024 · Canada’s national organization representing the interests of Indigenous businesses has undergone a branding refresh. The Canadian Council for Aboriginal Business (CCAB) will now become the Canadian Council for Indigenous Business (CCIB), which comes in time to mark the organization’s 40th anniversary. A new logo has been launched as well.

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Nov 4, 2024 · Twelve Mexican immigrant families that were recruited by Agnico Eagle to come to Kirkland Lake seem to be acclimating well, the gold company said last week. Natasha Vaz, the Toronto-based miner's executive vice-president and chief operating officer, made those observations in an Oct. 31 webinar with mining analysts upon the release of its 2024 third quarter results. Agnico is one of the world ...

Dec 12, 2024 · The mill at Borderlands Farm offers high-quality bespoke wool processing for local farmers and a stunning array of artisanal products

Jan 2, 2025 · This year has been a progressive one for mining companies in the Sudbury area. But that doesn't mean all the mining stories fell into the good news category. Vale Base Metals (VBM), the largest mining employer in Sudbury, announced in July the company was moving forward to rejuvenate the historic Stobie Mine property with the creation of a new open pit operation. Gord Gilpin, director of ...

Nov 15, 2024 · The Ontario government and Starlink have partnered to bring high-speed satellite internet service to 15,000 eligible unserved and underserved homes and businesses in rural, remote and northern communities. Starlink, owned by American businessman Elon Musk’s aerospace company SpaceX, uses satellites operating in a low-Earth orbit to deliver broadband internet capable of supporting streaming ...

Jan 10, 2024 · Heddle Shipyards is now Ontario Shipyards. Effective this month, the Hamilton-based company, with a Thunder Bay yard, has adopted a new name, which it says reflects the next phase of its growth plan. The firm operates shipbuilding and repair services in Hamilton, Port Weller and Thunder Bay, where it acquired the former Lakehead Marine property and dry dock in 2016. Its website notes that it ...