Ten Northern Ontario mining supply and service companies have been selected to establish a storefront in Elko, Nevada, an initiative expected to get underway this fall.
Announced in February, the project is an effort to help northern companies raise their profiles, expand their markets and attract new clients.
Each company will have access to a shared facility for one year before making way for another cohort of companies to move in.
Led by industry advocacy group MineConnect, the project is being guided by Ontario’s North Economic Development Corporation (ONEDC) and funded by FedNor and the Northern Ontario Heritage Fund Corporation (NOHFC).
“ONEDC is proud to be working with MineConnect on the Nevada initiative which will help create new opportunities for these 10 Northern Ontario businesses,” Christy Marinig, ONEDC's chair, said in a May 12 news release.
“I am also thrilled that FedNor and NOHFC recognize the importance of providing new export opportunities for the mining supply and services sector in the region, thus helping to ensure their ongoing growth and sustainability.”
Companies selected to participate include:
- Walden Equipment
- The Hurley Group
- Nordic Minesteel
- Jannatec Technologies
- Maestro Digital Mine
Sheldon Mudd, executive director of the Northeastern Nevada Regional Development Authority, applauded the move.
“The Nevada mining industry has struggled for years to fill various gaps within its supply chain; we are thrilled to have top tier companies from a world class mining district establishing their U.S.-based operations right here locally where they can provide goods and services that have traditionally been difficult to procure,” Mudd said in the release.
“We anticipate multiple benefits arising from this initiative. First, the Nevada mining industry will be able to source goods and services from local suppliers rather than global providers who often do not have the United States best interest in mind. Next, it will create jobs and generate new tax revenue ensuring that more of our mining dollars remain in the Northeastern Nevada economic ecosystem.”
The program is being undertaken in partnership with the Ministry of Energy, Northern Development and Mines Trade and Investment Unit.
The application process for the second intake of companies will take place in March 2022.