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Major Carbon Offset Project and Gold Mine Revival in Ontario

1/8/2025

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Summary

Story summary

Wagner Forest Management is eyeing a groundbreaking carbon offset project on 480,000 acres near Thunder Bay, which could become the largest of its kind in Northern Ontario. In a parallel move, West Red Lake Gold Mines has secured a US$35 million loan to breathe new life into the dormant Madsen Mine, targeting production by mid-2024.

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Story summary

Wagner Forest Management is eyeing a groundbreaking carbon offset project on 480,000 acres near Thunder Bay, which could become the largest of its kind in Northern Ontario. In a parallel move, West Red Lake Gold Mines has secured a US$35 million loan to breathe new life into the dormant Madsen Mine, targeting production by mid-2024.