Timmins companies share in $700K for expansion funding
The Ontario government has provided grants of nearly $700,000 to two Timmins-area companies to help them upgrade and expand facilities and buy new equipment.
The funding, which is bring provided through the Northern Ontario Heritage Fund Corporation (NOHFC), was announced on March 29.
"As one of the largest cities in Northern Ontario, Timmins is a major economic hub and industrial centre,” said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. “By supporting the local mining supply and services industry, our government is bringing investment and employment opportunities to the community."
Caron Equipment Inc. – a civil engineering firm that specializes in mine site preparation and material handling, including land clearing and road construction – received $400,000 to purchase four rock haul trucks to expand its fleet and fulfill a contract with IAMGOLD at the Côté Gold Mine near Gogama. The fleet expansion also enables Caron Equipment to bid on future contract tenders for mineral development projects progressing to the mine development stage.
“With the help of Ontario government support and funding, our company has been able to grow and expand,” said Marc Caron, President, Caron Equipment Inc. “As we navigate through these challenging times, this funding has enabled us to hire more people from the area and the Indigenous community. Because of this, we are able to employ locally, live locally and support locally.”
Tisdale Mechanical Contracting Ltd. – a company offering a wide range of services, including heating, ventilation, air conditioning, refrigeration, sheet metal fabrication and electrical – will collect $295,928 to renovate its facility and purchase equipment to increase warehouse storage space and begin manufacturing a variety of duct systems to meet the mining sector demand for customized ventilation solutions.
“With this funding, we will diversify our products and services to meet the ever-growing industrial, trade and manufacturing market we’ve been proud to serve for over 50 years,” said president Collin J. Clarke.
Since June 2018, the province has invested more than $473 million in 4,244 projects through the NOHFC, leveraging more than $1.5 billion in investment and creating or sustaining over 6,600 jobs.
Featured image: Caron Equipment Inc. received $400,000 to purchase four rock haul trucks to expand its fleet and fulfill a contract with IAMGOLD at the Côté Gold Mine near Gogama (pictured).