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Ministerial Statement: Minister Parrott Recognizes Opening of Equinox Gold’s Valentine Gold Mine
Source: Newfoundland & Labrador - Government Releases
Date: 2026-10-29 16:15:13.0
Tags: [Newfoundland and Labrador, Mining, Resources, Economy, Industry, Energy]Newfoundland and Labrador Minister of Energy and Mines Lloyd Parrott announced the official opening and commercial production of Equinox Gold's Valentine Gold Mine in Central Newfoundland. Equinox Gold plans to invest $436 million over the next two years for a Phase 2 expansion to double its throughput capacity, raising average annual gold production to approximately 223,000 ounces across its 320-square-kilometre property.
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Canada-EU summit will kick off formal talks on closer ties: Carney
Source: Global News Politics
Date: 2026-10-27 17:05:20.0
Tags: [National, Trade, Economy, Labour, Resources, Mining]Prime Minister Mark Carney is meeting with European Union President Ursula von der Leyen and other EU officials in Montreal for a summit launching formal negotiations on an enhanced alliance and deeper partnership over the next year. The talks follow the 10th anniversary of the Comprehensive Economic and Trade Agreement (CETA) and encompass specialized labour mobility, potential Canadian participation in the Erasmus+ student exchange program, and critical minerals collaboration to reduce reliance on China. Additionally, the European Investment Bank has applied for an exemption from Canadian foreign banking rules to operate domestically as part of the critical minerals framework.
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New Brunswick signs deal for Canadian firm to explore old antimony mine
Source: New Brunswick - Regional News
Date: 2026-10-27 16:53:35.0
Tags: [New Brunswick, Mining, Resources, Industry, Economy]The New Brunswick government has signed an exclusive exploration agreement granting Toronto-based Avenir Minerals 30 months to study the potential for reopening the former Lake George antimony mine southwest of Fredericton. The historic site, which operated intermittently from 1876 to 1996, was one of North America's largest producers of antimony, a critical mineral used in flame retardants, solar panels, lead-acid batteries, infrared missiles, nuclear weapons, and night vision goggles. Avenir Minerals CEO Alden Greenhouse stated that the exploration process will involve drilling and consultations with First Nations. This initiative follows a similar exploration deal announced by the province with U.S.-based Regeneration Enterprises for an abandoned mine site in northern New Brunswick as part of the provincial Liberal government's efforts to rejuvenate the mining industry.
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Only firm approved to explore for N.S. offshore oil and gas misses deposit deadline
Source: Nova Scotia - Halifax & Regional News
Date: 2026-10-27 15:34:46.0
Tags: [Nova Scotia, Energy, Resources, Economy, Industry]Nova Scotia Premier Tim Houston announced that Inceptio Oil and Gas, led by James Edens, missed the Monday deposit deadline to put down $50 million for its approved $210-million offshore exploration bid. Inceptio required the deposit and a subsequent exploration licence before initiating activities like seismic testing and drilling. This marks a setback for Nova Scotia's offshore fossil fuel sector, which has seen no activity since the Sable and Deep Panuke gas projects shut down in 2018.
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Saskatchewan Calls for Greater Access to Global Energy Markets and the End to the Tanker Ban
Source: Saskatchewan - Government News
Date: 2026-10-27 02:00:00.0
Tags: [Saskatchewan, National, Energy, Trade, Resources, Economy]The Government of Saskatchewan has officially announced its support for Bill C-264, introduced by the Conservative Party of Canada, which calls on the federal government to end the marine oil tanker ban on the north coast of British Columbia. Premier Scott Moe and Energy and Resources Minister Chris Beaudry stated that removing this legislative barrier would increase Western Canadian energy export capacity, diversify trade toward Asian markets, reduce transit times and shipping costs, and help narrow the price discount for Western Canadian Select heavy oil.
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'Ideal outcome,' minister says as Yukon's Eagle gold mine set to be sold for $140M
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 20:34:22.0
Tags: [National, Mining, Resources, Environment, Economy]Singapore-based Boroo Pte. Ltd. has signed an agreement with the mine's receiver, PricewaterhouseCoopers, to acquire the troubled Eagle gold mine in central Yukon for $140 million and committed to spending $1.5 billion to restart operations and perform cleanup work. The transaction follows a disastrous heap leach facility failure at the site owned by Victoria Gold Corp. in 2024 that spilled toxic cyanide into the environment and triggered intensive remediation efforts partially funded by a $220 million loan from the Yukon government. Subject to court approval expected by the end of the year, Boroo will pay $40 million in upfront cash, take over all remediation and site stabilization work from 2027 to 2029, and fully repay the territorial government for its emergency cleanup expenses.
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Effort to restart Con Mine discussed at Yellowknife town hall
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-22 16:17:16.0
Tags: [National, Mining, Resources, Environment, Economy]Gold Terra Resource Corp. CEO Gerald Panneton hosted a town hall in Yellowknife to discuss aggressive timelines for restarting gold mining operations at the historic Con Mine site, driven by gold prices exceeding $4,000 USD per ounce. The company aims to secure a permit by 2027, followed by 12 to 16 months of construction, targeting a production threshold of 1 million ounces to support a mine life exceeding 20 years. Public concerns raised at the event focused on localized impacts, including energy consumption via liquefied natural gas, workforce housing, arsenic pollution legacy risks, and exploratory drilling at Tin Can Hill and Walsh Lake.
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Carney lands in Turkey for meetings with Erdogan, business leaders
Source: Global News Politics
Date: 2026-10-22 12:12:49.0
Tags: [National, Trade, Economy, Energy, Resources, Governance]Prime Minister Mark Carney arrived in Ankara, Turkey, for a three-day official bilateral visit alongside Foreign Affairs Minister Anita Anand and Natural Resources Minister Tim Hodgson to deepen political, energy, and economic ties. Canada and Turkey currently engage in approximately $4 billion in annual trade and formally launched negotiations for a free-trade agreement on the sidelines of the NATO summit earlier in the year. The delegation's talks focus on diversifying trade beyond the United States and securing global investors for infrastructure and energy projects, following meetings with Turkish President Recep Tayyip Erdogan and business leaders in Istanbul.
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Alberta referendum a notable chapter in long history of grievance with Ottawa
Source: Global News Politics
Date: 2026-10-20 09:19:12.0
Tags: [Alberta, National, Governance, Energy, Resources, Economy]In an Alberta referendum where residents voted on 10 government-initiated questions, approximately 76 per cent of voters chose to remain in Canada rather than proceed to a binding referendum on leaving Confederation. The historic vote brought to a head nearly a century of grievances with the federal government, stemming from historical disputes including the Canadian Wheat Board monopoly established in 1935, Pierre Trudeau's National Energy Program (NEP) in the 1980s, the rise of the Reform Party under Preston Manning, pandemic-era public health restrictions, and modern federal policies such as Bill C-69 (Impact Assessment Act), Bill C-48, and the federal carbon tax.
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Judge orders court-appointed officers to lead sale of Baffinland's assets
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-16 19:31:21.0
Tags: [National, Mining, Economy, Resources, Justice]An Ontario Superior Court judge ruled that independent, court-appointed officers will lead the sale of debt-stricken Baffinland Iron Mines Corporation's assets, siding with lenders and federal agencies such as Export Development Canada over the company's shareholders. Baffinland, which operates the Mary River Iron Mine on North Baffin Island in Nunavut, accumulated $2.6 billion in debt and sought creditor protection while facing potential closure. The mine represents a critical economic anchor for the territory, employing 1,200 workers and accounting for approximately 25 percent of Nunavut's GDP.
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Canada's Largest Helium Purification Facility Opens in Southwest Saskatchewan
Source: Saskatchewan - Government News
Date: 2026-10-15 22:00:00.0
Tags: [Saskatchewan, Energy, Resources, Industry, Economy]North American Helium has opened Canada's largest helium purification facility near Stewart Valley, Saskatchewan, producing approximately 73 million cubic feet of helium annually and increasing the province's output by over 40 per cent. Over the past decade, North American Helium has invested approximately $700 million and drilled over 120 wells in Saskatchewan, which currently produces over 95 per cent of Canada's helium. The Government of Saskatchewan is supporting the sector through the Helium Action Plan, the Critical Minerals Processing Investment Incentive (CMPII), the Saskatchewan Critical Minerals Innovation Incentive (SCMII), and a Crown Public Offering for Helium and Associated Gases, while advocating for federal tax changes to support a domestic liquefaction facility.
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N.W.T. industry minister makes case for new federal mining incentives
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-15 10:00:00.0
Tags: [National, Mining, Resources, Taxation, Industry, Economy]Northwest Territories Minister of Industry, Tourism and Investment Caitlin Cleveland lobbied the federal government in Ottawa to enact two new mining incentives: a 15 per cent stackable North of 60 Mineral Exploration Tax Credit for the three northern territories, and the inclusion of zinc as an eligible mineral under the 30 per cent clean technology manufacturing investment tax credit. Cleveland and N.W.T. and Nunavut Chamber of Mines CEO Paul Hébert argued these credits are essential to counter stiff global competition and revive northern mining activity amid closing diamond mines. Proponents of the PC Silver and Pine Point mines indicated that adding zinc to the clean technology tax credit would unlock projects capable of generating 1,000 construction jobs and 600 operational positions.
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AI-driven project to modernize New Brunswick forestry getting $50M boost from Ottawa
Source: New Brunswick - Regional News
Date: 2026-10-14 20:19:53.0
Tags: [New Brunswick, National, Economy, Resources, Technology, Industry]The federal government is committing up to $50 million to help build the New Brunswick Strategic Innovation Centre in Digital Forestry. The total $86 million project, led by the Northern Hardwoods Research Institute in collaboration with ResearchNB and the provincial Department of Natural Resources, will use artificial intelligence and digital tools to better track wood supply, optimize logistics, and reduce empty truck miles. Forestry currently supports approximately 24,000 jobs in New Brunswick and contributes roughly $1.5 billion annually to the provincial economy.
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Provinces call on Ottawa to expand mining credit
Source: Global News Politics
Date: 2026-10-10 12:17:12.0
Tags: [National, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Taxation, Economy, Resources, Mining, Finance]Nearly half of Canada's provinces and territories—specifically Nova Scotia, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon—are urging the federal Liberal government to fulfill its 2025 election promise to expand the mineral exploration tax credit to include engineering and feasibility study costs. The Association for Mineral Exploration and the Nunavut and N.W.T. Chamber of Mines argue this measure is crucial to help junior mining companies navigate the late-stage 'valley of death' financing gap. An Ernst & Young report commissioned by the association indicates that covering feasibility and economic viability studies could generate between 14,000 and 34,000 jobs and add $5.2 billion to $12.2 billion in GDP over 10 years. While Finance Minister François-Philippe Champagne's office highlighted recent federal initiatives such as the Productivity Mega Deduction and the Critical Mineral Exploration Tax Credit, federal expenses under the Canadian exploration expenses framework still exclude economic assessments and feasibility studies.
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Saskatchewan Ministers Forge Pathways in India
Source: Saskatchewan - Government News
Date: 2026-10-10 02:00:00.0
Tags: [Saskatchewan, Trade, Economy, Agriculture, Resources, Education]Saskatchewan Minister of Trade and Export Development Warren Kaeding and Minister of Advanced Education Ken Cheveldayoff are leading a trade and academic mission to India from October 10 to 16, 2026, to advance bilateral partnerships in food security, critical minerals, energy, and higher education. The ministers will participate in the federal Team Canada Trade Mission programming in Mumbai on October 14, alongside representatives from the University of Saskatchewan. In 2025, Saskatchewan exports to India reached $827 million—primarily driven by potash, lentils, and peas—with trade increasing by 155 per cent year-to-date in 2026, building on past successes such as Cameco's $2.6 billion agreement with India's Department of Atomic Energy.
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October Oil and Gas Public Offering Raises $29 Million in Revenue
Source: Saskatchewan - Government News
Date: 2026-10-09 22:00:00.0
Tags: [Saskatchewan, Energy, Resources, Economy]The Government of Saskatchewan's fourth Crown oil and natural gas public offering of the fiscal year, held on October 6, 2026, generated over $29 million in revenue across 75 parcels covering 22,350 hectares. The offering included 69 leases and six exploration licences, with Lloydminster leading regional revenues at $11,366,578, followed by Estevan at $10,033,965, Swift Current at $5,821,007, and Kindersley at $1,909,781. Notable awards included a 2,324-hectare exploration licence east of St. Walburg awarded to Scout Energy Ltd. for a high bonus bid of $9,995,200, and a 64-hectare lease northeast of North Portal awarded to Hummingbird Energy Inc. for $801,000. The next public offering is scheduled for December 1, 2026.
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Sale of Baffinland's assets should be run by an independent officer, feds argues
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-09 21:52:54.0
Tags: [National, Mining, Resources, Economy, Finance, Justice]Federal government lawyers and Export Development Canada (EDC) are arguing in the Ontario Superior Court that an independent, court-appointed officer should oversee the asset sale process for Baffinland Iron Mines Corp. Baffinland, which operates the Mary River Iron Mine on northern Baffin Island and employs over 1,200 workers, entered creditor protection in May owing $2.6 billion to 231 creditors and previously secured a $660-million loan from EDC to stay operational. EDC's legal representation argues that Baffinland's current operating committee faces conflicts of interest due to personal financial stakes, whereas Baffinland's counsel opposes the measure as an unprecedented attempt to rewrite contractual terms. Ontario Superior Court Judge Jana Steele has reserved her decision to be delivered in writing at a later date.
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Sale of Baffinland's assets should be run by an independent officer, feds argue
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-09 21:52:54.0
Tags: [National, Economy, Mining, Resources, Justice]Federal government lawyers, representing Export Development Canada (EDC) over a $660-million loan, argued in the Ontario Superior Court that an independent, court-appointed officer should oversee the asset sale of Baffinland Iron Mines Corp. to avoid conflicts of interest. Baffinland, which owns the Mary River Iron Mine on northern Baffin Island and employs over 1,200 workers, has been under creditor protection since May while owing $2.6 billion to 231 creditors. Baffinland's legal representation opposed the move as unprecedented and accused EDC of attempting to rewrite contract terms, leaving Ontario Superior Court Judge Jana Steele to reserve her decision in writing for a later date.
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Saskatchewan Welcomes Canada's Diplomatic Corps
Source: Saskatchewan - Government News
Date: 2026-10-06 22:00:00.0
Tags: [Saskatchewan, Trade, Economy, Agriculture, Energy, Resources]From October 6 to 8, 2026, an international delegation from Canada's Diplomatic Corps—hosted by Global Affairs Canada and representing countries including Bulgaria, Cameroon, Ghana, Ireland, Kenya, Kuwait, Lebanon, Malaysia, Nigeria, Pakistan, Slovenia, Tanzania, and Zambia—is visiting Saskatchewan to examine the province's role in global food and energy security. Premier Scott Moe noted that Saskatchewan exported products to more than 160 countries in the previous year. During the mission, the delegation is scheduled to meet with provincial government representatives, Indigenous leaders, and educational and research institutions, including the Canadian Light Source, Clean Energy Technologies Research Institute, George Gordon First Nation Wicehtowak Solar Project, Saskatchewan Research Council, Vaccine and Infectious Disease Organization, and Wanuskewin Heritage Park.
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Baffinland asks judge to allow sale of assets to avoid mine closure
Source: Territories - Northern Affairs (Yukon, NWT, Nunavut)
Date: 2026-10-05 20:07:08.0
Tags: [National, Mining, Economy, Resources, Labour, Indigenous]Debt-stricken Baffinland Iron Mines Corp. has asked the Ontario Superior Court of Justice to approve the sale of its shares, assets, or the Mary River Mine on northern Baffin Island to prevent liquidation and mine closure. As of May 14, the company owed $2.6 billion to 231 creditors—including a dozen northern businesses and organizations—following creditor protection granted in May and a subsequent $660-million loan from federal Export Development Canada. The company's financial crisis was partly driven by spending more than $1.5 billion on its failed Phase 2 railway expansion proposal, which was rejected by the federal government after opposition from north Baffin communities. The potential liquidation threatens the loss of over 1,200 jobs at one of Nunavut's largest private sector employers, with a court appearance scheduled before an Ontario judge.
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