Canada : Positioning entrepreneurs and innovators to succeed in the global economy.
Northern Ontario will benefit from jobs, clean growth and a strong economy thanks to a Government of Canada investment of $750,000. The repayable contribution, provided by FedNor, will enable Drillco Mining and Exploration to develop the first clean-tech modular drilling system available to the mining industry.
The funding was announced today by Anthony Rota, Member of Parliament for NipissingTimiskaming, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor.
North Bay-based Drillco Mining and Exploration will use the FedNor funding to complete the final phase of development for its clean-tech modular drilling system, and allow the firm to manufacture five demonstration units to be sold and tested in real-world mining environments. Once complete and fully commercialized, the clean-tech modular drilling system will help mining firms improve operational efficiency and achieve greater environmental sustainability.
Supporting Canadian innovators and job creators is a key priority for our government. This investment will help develop new clean technology for use by the mining industry here at home and around the globe. Strategic initiatives such as this one will help further position our nation as a world leader in the innovation economy.
- The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
Todays announcement highlights our governments commitment to support research and development in the region, while helping companies bring new products to market. This investment in Drillco will help protect the environment, strengthen the economy and create high-quality middle-class jobs right here in North Bay.
- Anthony Rota, Member of Parliament for NipissingTimiskaming
This exciting initiative will allow us to capitalize on an immediate opportunity to create the first clean-tech modular drilling system available for use in the mining industry. We are pleased to partner with FedNor to develop this new technology and we look forward to the results it will achieve for our clients and the positive impact it will deliver for the health of companies and the environment.
- Sylvain Brisson, President and Founder of Drillco Mining and Exploration
[c] 2019 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||May 18, 2019|
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