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Canada celebrates progress on the McIlvenna Bay mine: production underway, jobs created, supply chains strengthened

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SASKATOON, SK, Sept. 2, 2026 /CNW/ — Located in Saskatchewan’s Flin Flon Greenstone Belt, one of Canada’s richest mineral regions, the McIlvenna Bay copper-zinc mine is one of Canada’s most significant new critical minerals mines, being developed by Eldorado Gold in close partnership with Indigenous partners. As a new source of minerals that are essential to clean energy technology, advanced manufacturing and national security, this project will strengthen Saskatchewan’s and Canada’s economic prosperity, supply chain security and industrial strength.

The federal government referred the project to the Major Projects Office in September 2025, and — one year later — is celebrating the project’s progress.

McIlvenna Bay has achieved significant milestones, including:

Achieving first concentrate and ramping up toward commercial production: The mine produced its first copper concentrate in June, followed by zinc and pyrite concentrates in July, and is expected to reach commercial production in the third quarter of 2026.Connecting to clean electricity: The project was connected to SaskPower’s grid through a new, 85-km transmission line and substation, providing reliable, renewable electricity to power operations.Ramping up operations and planning for the future: With more than 400,000 tonnes of material ready for processing, Eldorado Gold is exploring opportunities to increase processing capacity and recover more valuable minerals, including copper, zinc, gold and silver.Continuing development and exploration activities: Exploration work, including approximately 14,000 metres of drilling in 2026, is underway to support future mining opportunities. Additionally, Eldorado Gold is evaluating an expansion of McIlvenna Bay’s processing capacity from 4,900 to approximately 7,000 tonnes per day, and the addition of a silver-lead circuit.

The progress at McIlvenna Bay marks a major advancement for Canada’s growing critical minerals sector. It is creating hundreds of jobs, boosting local economies in Saskatchewan and Quebec, where the copper will be smelted.

As Canada moves faster, builds smarter and thinks bigger, McIlvenna Bay demonstrates how responsible resource development can unlock Canada’s full potential. We are building Canada Strong by securing our supply chains, creating good jobs and making the most of our resources to bring prosperity to Canadians.

Quotes

“The progress achieved at McIlvenna Bay is a clear example of what Canada can accomplish when governments, Indigenous partners, workers and industry work together. As one of Canada’s most significant new sources of copper and zinc, this project is strengthening our economic prosperity and national security at a time when we have never needed to build for ourselves more. That is why, through the Major Projects Office, we are moving faster on projects of national interest that unlock our resources; create opportunities for Canadians; and deliver lasting prosperity in Saskatchewan and across Canada.”

The Honourable Tim Hodgson
 Minister of Energy and Natural Resources

“McIlvenna Bay means real opportunities for workers, families and communities in rural and northern Saskatchewan. This project demonstrates how responsible resource development and strong Indigenous partnerships can build a more resilient economy while maximizing on-the-ground benefits for local Saskatchewan communities and for Canadians from coast to coast to coast.”

The Honourable Buckley Belanger
 Secretary of State for Rural Development

“Reaching first production at McIlvenna Bay is an important milestone for Eldorado, local communities, Indigenous peoples, investors and our employees and contractors who have helped bring this project to life. We appreciate the Government of Canada’s focus on advancing major projects and creating the conditions for investment, jobs and more-resilient supply chains. With first production achieved, a study underway to evaluate a potential mill expansion and the addition of a silver-lead circuit, and significant district-scale exploration potential, we look forward to continuing to work with governments and Indigenous partners to unlock McIlvenna Bay’s full potential for Canada.”

Christian Milau
President, Eldorado Gold

Quick Facts

In December 2024, Natural Resources Canada provided up to $20 million through the Critical Minerals Infrastructure Fund (CMIF) — now the First and Last Mile Fund — to McIlvenna Bay to support the construction of a hydro transmission connection, an on-site electrical substation and electric vehicle charging infrastructure. These investments will help power the mine with clean Saskatchewan hydroelectricity and support low-emissions mining.In January 2025, Innovation, Science and Economic Development Canada (ISED) provided $41 million through the Strategic Innovation Fund to integrate innovative clean technologies at the McIlvenna Bay site. The mine is intended to serve as a model for responsible, low-emissions mining practices.In May 2025, the Canada Growth Fund agreed to commit approximately $156 million alongside co-investors to support the development and construction of the McIlvenna Bay Project.In September 2025, the McIlvenna Bay Foran Copper Mine Project was referred to the Major Projects Office (MPO), which works with proponents, Indigenous partners and federal departments to advance projects of national interest through co-ordinated and efficient federal processes. The referral recognizes McIlvenna Bay’s importance to Canada’s economic growth, critical minerals leadership and contribution to secure North American and allied supply chains.In 2026, McIlvenna Bay is expected to produce between five and 10 million pounds of copper, 3,000 and 6,000 tonnes of zinc, 5,000 and 10,000 ounces of gold, and 100,000 and 200,000 ounces of silver.Based on the March 2025 feasibility study, McIlvenna Bay is expected to operate for at least 18 years. Over the life of the mine, annual production is expected to average 41 million pounds of copper, 54 million pounds of zinc, 20,000 ounces of gold and 444,000 ounces of silver.McIlvenna Bay currently employs approximately 380 full-time workers, with total employment expected to grow to about 450 once commercial production is reached. Currently, approximately 34 percent of the workforce is Indigenous.Copper is a critical mineral that helps power the clean economy and is used in electric vehicles, batteries, renewable energy systems and electricity transmission infrastructure.Zinc is primarily used to galvanize steel, helping protect bridges, buildings, vehicles and other infrastructure from corrosion. About 60 percent of global zinc use is for galvanization.In 2025, the minerals sector directly and indirectly accounted for 721,000 jobs throughout the country in urban, rural and remote regions and contributed $157 billion, or five percent, to Canada’s total nominal gross domestic product.

Related Products

Canada Invests in Infrastructure Upgrades to Support Critical Minerals Development in SaskatchewanGovernment of Canada investing in Foran Mining Corporation’s critical minerals production in SaskatchewanCanada Growth Fund announces strategic investment in Foran Mining, a Western Canadian-based critical minerals mining companyPrime Minister Carney announces first projects to be reviewed by the new Major Projects OfficeMcIlvenna Bay Foran Copper Mine Project (Major Projects Office)

Associated Links

Eldorado Gold McIlvenna BayCanada’s Critical Minerals StrategyMajor Projects OfficeFirst and Last Mile Fund

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

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Hivelocity Launches Outlet Store — Bare Metal Servers, Ready Now, at Lower Prices

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A new section of the Hivelocity store offers in-stock, fully functional dedicated servers at reduced monthly pricing, giving customers facing long lead times on new hardware a faster path to deployment.

TAMPA, Fla., Sept. 2, 2026 /PRNewswire/ — Hivelocity, an infrastructure-as-a-service provider of bare metal, dedicated servers, edge computing, and virtualized cloud solutions, today announced the launch of the Hivelocity Outlet Store, a new section of its storefront offering proven, in-stock server configurations at reduced monthly pricing. The Outlet Store gives customers immediate access to reliable infrastructure without the wait times currently affecting parts of the hardware supply chain.

As Hivelocity upgrades its server portfolio, the company moves previous configurations into the Outlet Store, offering them at lower prices. These servers enable organizations to support development, proof-of-concept, build farm, and similar engineering workloads without paying for excess capacity or waiting for the latest systems to become available.

Outlet Store servers are available on a month-to-month basis, with no long-term contract required. Customers who outgrow an outlet configuration can move up to a more powerful dedicated server as their requirements evolve. To keep pricing low and enable rapid deployment, the Outlet Store does not offer custom configuration options.

“If you’ve been waiting on new hardware because of supply chain delays, there’s no reason to keep waiting. The Outlet Store gives customers proven, in-stock servers at a lower price point, so they can get running today instead of sitting in a queue.” — Ned Pope, Chief Product Officer, Hivelocity

Customers can access the Outlet Store now through the Hivelocity. For additional workload needs, they can continue to choose from the full Hivelocity catalog of dedicated, cloud, and colocation infrastructure.

About Hivelocity

Founded in 2002, Hivelocity operates bare metal infrastructure across globally distributed data centers, serving mid-market and enterprise customers in healthcare, SaaS, fintech, gaming, and high-performance computing. The company runs 24/7/365 in-house support with a roughly 15-minute average ticket response and a transactional NPS of 79, backed by an SLA-backed 99.99 percent network uptime guarantee.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hivelocity-launches-outlet-store–bare-metal-servers-ready-now-at-lower-prices-302868144.html

SOURCE Hivelocity

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Scage Future Receives Nasdaq Notifications Regarding Market Value of Listed Securities and Market Value of Publicly Held Shares Requirements

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NANJING, China, Sept. 2, 2026 /PRNewswire/ — Scage Future (Nasdaq: SCAG) (“Scage” or the “Company”), a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, today announced that on August 27, 2026 the Company received two notification letters (together, the “Notification Letters”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon receipt of a deficiency notification.

The first Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Listed Securities (“MVLS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVLS of US$50,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A). Nasdaq calculates MVLS based on the most recent total shares outstanding multiplied by the daily closing bid price. Nasdaq also noted in the letter that the Company does not meet the requirements of Nasdaq Listing Rule 5450(b)(3)(A), the Total Assets and Total Revenue standard.

The second Notification Letter advised the Company that, based on Nasdaq’s review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the 30 consecutive business days from July 16, 2026 to August 26, 2026, the Company no longer meets the minimum MVPHS of US$15,000,000 required for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2&3)(C). Nasdaq calculates MVPHS based on the most recent publicly held shares information multiplied by the closing bid price.

In accordance with Nasdaq Listing Rules 5810(c)(3)(C) and 5810(c)(3)(D), the Company has been provided a compliance period of 180 calendar days, through February 23, 2027, to regain compliance with each requirement. To regain compliance, the Company’s MVLS must close at US$50,000,000 or more, and its MVPHS must close at US$15,000,000 or more, in each case for a minimum of ten consecutive business days. Nasdaq staff may, in its discretion, require the Company to satisfy the applicable requirement for a period in excess of ten consecutive business days, but generally no more than 20 consecutive business days, before determining that compliance has been demonstrated.

The Notification Letters have no immediate effect on the listing or trading of the Company’s American depositary shares, which continue to trade on The Nasdaq Global Market under the symbol “SCAG.” A deficiency indicator will be displayed with quotation information for the Company’s securities on Nasdaq.com and NasdaqTrader.com, and the Company will be included in the list of non-compliant companies published on the Nasdaq Listing Center commencing five business days from the date of the Notification Letters.

If the Company does not regain compliance with either requirement prior to the expiration of the applicable compliance period, it will receive written notification that its securities are subject to delisting, at which time the Company may appeal the determination to a Nasdaq Hearings Panel. Alternatively, the Company may be eligible to transfer its listing to The Nasdaq Capital Market, provided it meets the Capital Market’s continued listing requirements.

As previously disclosed, the Company received a notification from Nasdaq on June 11, 2026 regarding the minimum bid price requirement, with a compliance period through December 8, 2026. The Company has also received a notification regarding the composition of its audit committee, with a remediation period through December 22, 2026.

The Company intends to monitor its MVLS and MVPHS and to consider the options available to it to regain compliance, which may include applying to transfer its listing to The Nasdaq Capital Market. The Company’s business operations are not affected by the receipt of the Notification Letters. There can be no assurance that the Company will regain compliance with the MVLS or MVPHS requirements within the applicable compliance periods.

About Scage Future

Scage Future is a leading zero-emission technology provider in China, dedicated to decarbonizing global commercial transportation through its portfolio of advanced heavy-duty NEV trucks and innovative e-fuel systems. Through strategic partnerships with top-tier vehicle manufacturers and a strong quality control framework, the Company delivers intelligent, high-performance NEVs addressing the transport needs across logistics, mining and port operations. The Company has a proven track record in the design, production, and testing of next-generation heavy-duty NEVs, including the Dragon II plug-in hybrid dump truck, Galaxy II plug-in hybrid truck, and Q-Truck autonomous tractor trailer.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company’s ability to regain compliance with the applicable Nasdaq continued listing requirements within the compliance periods, the Company’s intention to monitor its MVLS and MVPHS, the potential transfer of the Company’s listing to The Nasdaq Capital Market, and the Company’s available options to address the deficiencies described herein. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Scage Future
Emily Wang
Email: scageIR@scagefd.com

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SOURCE Scage Future

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ePlus Achieves Exclusive Ambassador Partner Status with Everpure

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Company is first in North America to attain new partnership tier

HERNDON, Va., Sept. 2, 2026 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has achieved the highest level of Everpure partner tier, the new Ambassador certification. ePlus is the first reseller, specialized services partner, or company holding any other Everpure partner designation in North America to have earned this credential.

New to the Everpure program, attaining this tier of partnership requires successfully demonstrating the highest level of service delivery capabilities in cyber resilience and cloud to enhance customer experience and exceptional reliability in meeting customer requirements.

“The most rewarding thing about being the first and only North American provider to have obtained this status is that we were certified based on the many things we do well for our customers – from SOWs and service delivery documents to test plans, remediation of issues, follow through of deliverables and so much more,” said Ken Farber, president ePlus strategy, software and alliances. “Our customer-first focus is what drives our entire organization, from the solutions and services we launch to the areas of technology in which we invest. We are excited and proud to have earned Ambassador status and are very grateful to Everpure for this fantastic acknowledgement of our ability to service our customers.

“Ambassador Reseller Partner status represents the highest tier within our Reseller Program and recognizes strategic partners with deep expertise across key solution areas such as Cloud, Cyber Resilience, and Application Modernization,” said Hope Galley, vice president, Americas partner organization at Everpure. “Customers can be assured they are working with a partner that not only understands Everpure and data storage but also has proven ability in adjacent technologies like cloud and cyber resilience, from a consultative and services perspective. We congratulate ePlus on earning this highly valued credential and appreciate our continued partnership as we look forward to driving mutual growth while delivering industry-leading data storage solutions to our shared customers.”

Together, ePlus and Everpure deliver innovative, sustainable, and simplified storage solutions that help accelerate business outcomes and reduce operational complexity. ePlus recently earned the Services Partner of the Year award in recognition of ePlus Storage-as-a-Service (STaaS) leveraging Everpure Evergreen//One™, a flexible, managed, consumption-based offering. ePlus StaaS provides an adaptable storage model that allows organizations to pay for only the storage capacity they use and need, helping to manage costs.

For more information on how ePlus and Everpure partner please visit: https://www.eplus.com/how-we-partner/everpure 

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,130 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Facebook, and Instagram

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. Everpure, Evergreen//One, and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

View original content:https://www.prnewswire.com/news-releases/eplus-achieves-exclusive-ambassador-partner-status-with-everpure-302868085.html

SOURCE EPLUS INC.

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