Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

Free
Message: Gov. Of Canada news release on Friday

Government of Canada invests in Quebec’s clean technology sector

News Release

From Innovation, Science and Economic Development Canada

Minister Bibeau and Parliamentary Secretary Lametti announce $7.8 million to develop cleaner technologies for less pollution and healthier communities

July 28, 2017 – Sherbrooke, Quebec – Innovation, Science and Economic Development Canada

Quebecers will benefit from new jobs created by innovations in the energy, mining and waste treatment sectors as a result of a $7.8-million investment by the Government of Canada.

This investment in three Quebec companies—one in Sherbrooke, another in Québec and a third in Montréal—will create well-paying middle-class jobs as a result of the new business opportunities generated by the development of technologies that lead to less pollution and healthier communities.

The announcement was made today by the Honourable Marie-Claude Bibeau, Minister of International Development and La Francophonie, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

The investment includes:

  • $3.9 million for The Magpie Mines Inc. of Montréal, which is using low-grade ores to develop a process to produce synthetic rutile, a popular white pigment used in paints, plastics, paper and foods;
  • $2 million for E2Metrix Inc. of Sherbrooke, which has developed a new approach to wastewater treatment that reduces the amount of contaminants being released back into surface water, resulting in cleaner communities; and
  • $1.8 million for FlyScan Systems Inc. of Québec, which has developed a sensor that can detect small leaks in underground pipelines used to transport oil and liquid gas.

The projects announced today are being funded through Sustainable Development Technology Canada, which works with Canadian companies to bring early-stage clean technologies to market.

Investments in clean technology are part of the Government’s Innovation and Skills Plan, a multi-year strategy to create well-paying jobs for the middle class and those working hard to join it.

Share
New Message
Please login to post a reply