Canadian Regional Media and Web Publications – Page 34

Pure Gold’s Red Lake mine poised to go on the selling block – by Ian Ross (Northern Ontario Business – November 2, 2022)

November 3, 2022

https://www.northernontariobusiness.com/

CCAA court documents show mine supply and service companies owed $16 million

With only a $260,000 cash balance at the end, insolvent Pure Gold Mining has started the process of finding a new buyer or deep-pocketed investor for its Red Lake mine and mill operation.

Facing an “imminent” cash crisis, unable to raise any outside financing, and plagued by “operational challenges,” the Vancouver mining company called a halt to operations Oct. 24 and was granted creditor protection by the B.C. Supreme Court under the Companies’ Creditor Arrangement Act on Oct. 31.

Timmins nickel explorer sees big tonnage potential at Shaw Dome Project – by Staff (Northern Ontario Business – November 1, 2022)

November 3, 2022November 3, 2022

https://www.northernontariobusiness.com/

EV Nickel envisions “clean nickel” mining and processing operation to supply the electric vehicle makers

A little bit of Mark Selby and Canada Nickel appears to be rubbing off on an exploration startup company in the Timmins mining camp. EV Nickel hopes to replicate the marketing success of Canada Nickel’s Crawford Project by proving up a low-grade, large-tonnage nickel resource at its Shaw Dome Project, 25 kilometres southeast of the city.

The Toronto company recently released some promising early assay results from last summer’s drilling program that show a new zone of nickel mineralization at the CarLang area of its enormous 30,000-hectare exploration property.

Canadian resources coveted by Asian superpower – by Nelson Bennett (Business In Vancouver – October 26, 2022)

October 27, 2022

https://biv.com/

As China’s “wolf warrior diplomacy” has strained Sino-Canadian relations in recent years, there is a growing sentiment in Canada that it’s time to rethink Canada’s relations with China and look for better trade partners.

“We should continue to trade, but we should avoid strategic vulnerabilities in our supply chains and our economies more broadly,” Deputy Prime Minister Chrystia Freeland said in a recent speech at the Brookings Institute.

Mining the Northwest: Charged up lithium explorers move toward mine production – by Staff (Northern Ontario Business – October 26, 2022)

October 27, 2022

https://www.northernontariobusiness.com/

Green Tech Metals buys out partner, Rock Tech Lithium firms up European supply chain

A pair of lithium junior miners in northwestern Ontario are making moves to consolidate ground and firm up its supply chain to feed the downstream electric vehicle manufacturers.

Australia’s Green Technology Metals is dissolving a joint venture partnership with Ardiden to acquire the remaining 20 per cent stake in its Ontario lithium properties. The deal worth (Australian) $18.5 million gives Green Tech full control of three lithium holdings including Seymour, located just outside of Armstrong, that the company is touting as a mine development.

China’s Putin Problem – by Diane Francis (Diane Francis Blog – October 27, 2022)

October 27, 2022

https://dianefrancis.substack.com/

Imagine posing for a selfie with your “bestie”, Vlad Putin, uploading it globally, and days later he invades Ukraine where you have billions invested. Then he murders tens of thousands and plunges the world into hyper-inflation, food and energy shortages, and a global economic downturn.

That’s exactly what has befallen President Xi Jinping of China this year. Chinese officials maintain that the invasion plans were not disclosed by Putin, but Xi has remained silent publicly about what was said or not said, nor has he criticized his partner’s murder and mayhem.

Federal Natural Resources Minister looks to speed up Canadian critical minerals production – by Ian Ross (Northern Ontario Business – October 26, 2022)

October 26, 2022

https://www.northernontariobusiness.com/

Jonathan Wilkinson wants to get on the same regulatory page with Ontario to advance mining projects

With a global critical minerals supply gap coming, federal Natural Resources Minister Jonathan Wilkinson admits Ottawa has some work to do toward expediting approvals to put more critical minerals mining projects into production sooner.

In his Oct. 25 remarks to Canadian Club of Toronto, Wilkinson said Ottawa is looking to get on the same page with the provinces and territories in working smarter in advancing energy and natural resource projects along in a timely manner.

Why Freeland’s “friend-shoring” is such a bad idea – by Richard Mills (A Head Of The Herd – October 24, 2022)

October 26, 2022

Home

Chrystia Freeland is Canada’s Deputy Prime Minister and the Minister of Finance. Previously she was the Minister of Foreign Affairs. Many people see her as taking over from Prime Minister Trudeau, whose popularity has waned amid a series of scandals, and the arrogance that comes with winning government for two straight terms.

Last week Freeland was in Washington, D.C. giving a speech to the Brookings Institution about Canada’s role in world affairs. Usually these talks are nothing but hot air so I tune out, but in this case, Freeland had some important things to say, on a subject we have previously written about: friend-shoring.

Ontario juggling “more than half a dozen battery makers” as latest provincial trade mission returns from Austria, Germany – by Emma Jarratt (Electric Autonomy Canada – October 24, 2022)

October 26, 2022

https://electricautonomy.ca/

Ontario’s minister of economic development, job creation and trade, Vic Fedeli, took a simple message abroad: get into Ontario while there is still time

Ontario is in active talks with at least six battery makers and continues to court considerable global interest in the EV battery supply chain, according to provincial minister Vic Fedeli.

The head of economic development, job creation and trade for Ontario made the remark to Electric Autonomy Canada after returning from a recent trade trip to Germany and Austria.

Told ‘no’ 37 times, this Indigenous-owned company brought electricity to James Bay anyway – by Fatima Syed (The Narwhal – October 20, 2022)

October 26, 2022

The Narwhal

Twenty-five years ago, five First Nations brought power to their remote, underserved communities, defying skepticism, scorn and swampy terrain

For the Indigenous communities along northern Ontario’s James Bay — the ones that have lived on and taken care of the lands as long as anyone can remember — the new millenium marked the start of a diesel-less future.

While the southern part of the province took Ontario’s power grid for granted, the vast majority of these communities had never been plugged in. Their only source of power was a handful of very loud diesel-powered generators. Because of that, daily life in the Attawapiskat, Kashechewan and Fort Albany First Nations involved deliberating a series of tradeoffs.

The Drift: 15 years after Ring of Fire discovery, mining timeline no clearer – by Ian Ross (Northern Ontario Business – October 24, 2022)

October 24, 2022

https://www.northernontariobusiness.com/

Ring of Fire Metals prepares for big exploration push as critical minerals supply crunch looms

There’s new ownership, new branding and a new name for the former Noront Resources in the Ring of Fire. But the path to start mining in Ontario’s Far North doesn’t look to be getting any shorter.

After being shuttered for more than a year, field exploration activity is picking up again at the remote Esker camp of Ring of Fire Metals, the new name on the marquee as chosen by Wyloo Metals of Australia following its acquisition of Noront last April.

Fortress North America – by Diane Francis (Diane Francis Blog – October 20, 2022)

October 20, 2022

https://dianefrancis.substack.com/

Germany’s decision to scrap nuclear plants by the end of 2022 made the country – Europe’s engine of growth – dependent on Russia for energy, facilitating Vladimir Putin’s energy blackmail and war against Ukraine. The nuclear ban, promulgated by Greenpeace, never made sense because nuclear technology is safe and emissions free.

But anti-nuke criticism was stoked by Moscow as was this month’s OPEC price hike designed to kick the West and developed world in the teeth as they cope with war, costly sanctions, and energy hyper-inflation. Finally, Berlin reversed course this week and announced its nuclear plants will reopen indefinitely, a policy shift also undertaken by oil-poor Japan.

The New Faces of the North – by Diane Armstrong (Timmins Daily Press – October 19, 2022)

October 20, 2022

https://www.timminspress.com/

The story of Northern Ontario’s people has changed since the early days of the railway. At the turn of the last century, workers from many countries joined their friends when they learned of employment building the rails north – particularly from North Bay, the terminus for the Temiskaming & Northern Ontario Railway.

As the work reached Cobalt, many men decided to settle there, bring their families and work in the newly-discovered silver mines or to open businesses. Others ventured further north to Kirkland Lake and the Porcupine when gold was discovered further north. Soon clubs were established to serve the cultural needs of their people. With the culture, came the foods that reminded them of home.

Communities on the Move: Greenstone set to thrive with gold mine construction – by Ian Ross (Northern Ontario Business – October 19, 2022)

October 19, 2022

https://www.northernontariobusiness.com/

Northwestern municipality looks to sync up with the supply chain economy for local gold mine and the Ring of Fire

Gold stands to bring Greenstone back in a big way. Four kilometres south of the community of Geraldton at the intersection of Highways 11 and 584, construction is underway to breathe life back into a former gold mining property. It stands to be transformative for this largely rural municipality in northwestern Ontario, 275 kilometres northeast of Thunder Bay.

Since a groundbreaking ceremony last October, Greenstone Gold Mines, a joint venture between Equinox Gold and Orion Mine Finance, has been clearing trees and blasting rock to dig an open-pit mine on the site of the historic Macleod-Cockshutt Mine.

The Drift: ‘Landmark’ project to boost Vale’s nickel production by 10,000 tonnes annually – by Lindsay Kelly (Northern Ontario Business – October 14, 2022)

October 14, 2022

https://www.northernontariobusiness.com/

South Mine expansion called key link in supply of critical minerals for EV production

Vale’s $945-million expansion of its South Mine near Sudbury will be a key driver in the production of critical metals for the province’s battery electric vehicle (BEV) industry and ensure continued local operations for years to come.

That was the word from Deshnee Naidoo, Vale’s executive vice-president of base metals, who was on hand at the company’s Copper Cliff Complex on Oct. 13 to officially mark the opening of the mine expansion.

New mining geophysics firm sets up shop in Sudbury – by Ian Ross (Northern Ontario Business – October 13, 2022)

October 14, 2022

https://www.northernontariobusiness.com/

Being located in the ‘Canada’s mining centre’ prompted move north for Wireline Services Group (Canada)

Wireline Services Group (WSG) got its start more than 20 years ago working in the historic Kambalda nickel and gold mining region of Western Australia. Now the Perth-headquartered mining tech company has established a firm foothold in Canada’s preeminent nickel mining camp.

The geophysics company recently moved into a spacious 7,500-square-foot office and shop on Valleyview Road in Val Caron last month, hiring two locals and transplanting two others from Toronto.