A North Bay-based mining supply and service company is taking its business to the next level thanks to federal funding.
That from Anthony Rota, MP for Nipissing-Timiskaming, who announced a repayable investment of $350,000 to help SafeSight Exploration scale-up and commercialize innovative technologies for the mining sector.
Some of the company’s products include underground drones and remote-controlled data-collection vehicles.
Along with creating five jobs, officials say the money will help speed up delivery, reduce assembly costs and increase production.
Rota also announced a repayable contribution of $245,000 for the company to develop and commercialize its shaft measurement technology.
Eight jobs are expected to be created and maintained with that project.
“We’re excited to scale our business up and out and these FedNor investments are helping to make it happen,” says Mike Campigotto, President of SafeSight Exploration. “These priority projects are helping to strengthen our global presence and develop and deploy new technologies to help our clients increase revenues and decrease costs, and improve safety by keeping people out of harms way.”
The City of Temiskaming Shores, meantime, is receiving $728,000 to establish the Northern Ontario Mining Showcase pavilion at the 2024 Prospectors & Developers Association of Canada (PDAC) Convention.
“This $1.3 million investment will not only help SafeSight Exploration take its business to the next level, it will also help maximize opportunities for our region’s incredible mining supply and services sector,” says Rota. “Thanks to Government of Canada support, the Northern Ontario Mining Showcase will be the largest pavilion at PDAC and a must-see for convention goers seeking new business, clients and contacts. This year alone, NOMS is expected to help participating businesses increase sales and exports by more than $10 million, while helping to create 75 jobs and maintain 100 more.”
PDAC is taking place in Toronto from March 3-6, 2024.
The 13,000-square-foot northern showcase is expected to be one of the largest attractions, featuring 110 mining supply and service companies.
