Latest news with #MNR
CTV News
2 days ago
- General
- CTV News
Bear cub freed from plastic jar near Hearst, Ont.
A young black bear cub was rescued after he was found with a plastic jar stuck on his head near Hearst, Ontario on June 1, 2025. (Photos courtesy of First Nation and MNR) A young black bear cub was rescued Sunday after he was found with a plastic jar stuck around his head near Hearst, Ontario. The rescue was made possible through the combined efforts of Constance Lake First Nations and the Ontario Ministry of Natural Resources (MNR). Mike McIntosh with Bear With Us, a wildlife rehabilitation center in Sprucedale says the rescued cub is now in his care at the bear facility. Members from Constance Lake First Nation spotted the distressed bear, whose head was trapped inside the container preventing him from eating, drinking and properly breathing. Black bear cub A young black bear cub was rescued after he was found with a plastic jar stuck on his head near Hearst, Ontario on June 1, 2025. (Photos courtesy of First Nation and MNR) The MNR secured the cub and arranged a safe transfer with McIntosh to the local rehab center. This incident serves as a reminder of the dangers posed by improperly discarded waste in natural habitats. Bear With Us is a nonprofit organization dedicated to the rescue, rehabilitation, and release of orphaned and injured bears in Ontario.
Yahoo
3 days ago
- Business
- Yahoo
Investors Could Be Concerned With Mach Natural Resources' (NYSE:MNR) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at Mach Natural Resources (NYSE:MNR) and its ROCE trend, we weren't exactly thrilled. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Mach Natural Resources is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$275m ÷ (US$2.2b - US$282m) (Based on the trailing twelve months to March 2025). Thus, Mach Natural Resources has an ROCE of 14%. In absolute terms, that's a satisfactory return, but compared to the Oil and Gas industry average of 9.8% it's much better. Check out our latest analysis for Mach Natural Resources Above you can see how the current ROCE for Mach Natural Resources compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Mach Natural Resources for free. We weren't thrilled with the trend because Mach Natural Resources' ROCE has reduced by 73% over the last three years, while the business employed 309% more capital. However, some of the increase in capital employed could be attributed to the recent capital raising that's been completed prior to their latest reporting period, so keep that in mind when looking at the ROCE decrease. It's unlikely that all of the funds raised have been put to work yet, so as a consequence Mach Natural Resources might not have received a full period of earnings contribution from it. While returns have fallen for Mach Natural Resources in recent times, we're encouraged to see that sales are growing and that the business is reinvesting in its operations. However, despite the promising trends, the stock has fallen 18% over the last year, so there might be an opportunity here for astute investors. So we think it'd be worthwhile to look further into this stock given the trends look encouraging. One more thing: We've identified 2 warning signs with Mach Natural Resources (at least 1 which is potentially serious) , and understanding these would certainly be useful. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
4 days ago
- Climate
- CTV News
Northern Ontario wildfires force hundreds to evacuate
Amateur video of waterbombers during active aerial suppression operations against the Red Lake 12 fire on May 30, 2025. Hundreds of residents from two First Nations communities in northwest Ontario are being evacuated as wildfires continue to rage across the region, with officials warning of worsening conditions due to high winds and dry terrain. Fire ranger using hose An Ontario fire ranger blasts water from a hose at the perimeter of a forest firest in this undated photo. (Ministry of Natural Resources/Ontario Forest Fires/X) The Ministry of Natural Resources reported in Friday evening's wildfire update bulletin that 14 active fires are burning in the northwest region, three of which were newly discovered. The fire hazard is classified as 'high to extreme' across much of the area, prompting the implementation of a Restricted Fire Zone in multiple districts. For real-time fire hazard conditions, evacuation orders and burning restrictions, consult the MNR's interactive forest fire map. Evacuations underway Approximately 400 residents from Webequie First Nation are expected to be transported to Barrie, Ont., as part of a Phase 1 evacuation prioritizing elders, children, and individuals with medical conditions. The evacuation comes as Nipigon 5, a wildfire threatening the community, expanded to 6,986 hectares and remains not under control. Chief Cornelius Wabasse of Webequie First Nation assured residents that leadership is working with emergency officials to ensure safety. 'I would encourage all residents of Webequie First Nation to be rest assured that we are committed to keeping our residents informed and safe,' Wabasse said in a May 30 news release. 'We will work with partners and government to ensure our needs are met, both in the community and at the evacuation site.' — A statement issued by Cornelius Wabasse, Chief of Webquie First Nation Meanwhile, Deer Lake First Nation declared a full evacuation due to the Red Lake 12 fire, which has grown to 9,616 hectares and is encroaching on the community. Fire rangers with hose pack Two Ontario fire rangers, one with a hose pack on their back, walk through a forested area recently impacted by wildland fire in this undated photo. (Ministry of Natural Resources/Ontario Forest Fires/X) Fire ranger crews are laying hose lines and conducting aerial suppression, but smoke is expected to impact the area throughout the weekend. Political calls for increased support Sol Mamakwa, Ontario NDP Deputy Leader and MPP for Kiiwetinoog, whose riding includes the two First Nation communities being evacuated, urged the provincial government to expedite support for evacuees and firefighters. Sol Mamakwa Sol Mamakwa, Ontario MPP for the riding of Kiiwetinoong, leaves the stage after speaking to supporters at the Ontario NDP Leadership showcase in Toronto on Saturday February 4, 2023. (Chris Young/The Canadian Press) 'My thoughts are with the community members from Deer Lake First Nation and Webequie First Nation as they begin their evacuations,' Mamakwa said in a statement on Friday. 'I am calling on the Government of Ontario to fully support the communities... in their evacuations and eventual return.' He has also been critical of recent budget cuts to wildland firefighting, citing a $42 million reduction in emergency firefighting funds in his news release. Other fires of concern Kenora 20, spanning 34,008 hectares (including a Manitoba portion), remains uncontained. Fire crews are managing hotspots with helicopter bucketing operations. Kenora 20 - fire An aerial view of smoke from the Kenora 20 wildland fire on May 24, 2025. (Ministry of Natural Resources/Ontario Forest Fires/X) Kenora 14 is being held at 1,607 hectares, while Sioux Lookout 3 and Fort Frances 4 are also under control but still active. Kenora 14 - smoke Smoke rising from Kenora 14 file on May 9, 2025. (Ministry of Natural Resources/Ontario Forest Fires/X) Travel and land use restrictions The MNR has issued Implementation Orders restricting travel, waterway use, and Crown land access in fire-affected zones, including: A complete evacuation order for areas near the Kenora 32 fire. Road closures near Kenora 20 and Kenora 14, with permits required for authorized travel. A closed road with traffic barriers setup by the Ministry of Natural Resouces - undated A closed road with traffic barriers setup by the Ontario Ministry of Natural Resouces is shown in this undated photo. (Ministry of Natural Resources/Ontario Forest Fires/X) Ongoing firefighting efforts Aircraft, including waterbombers and helicopters, are actively suppressing fires near Webequie and Deer Lake. An Incident Management Team has been deployed to oversee the Red Lake 12 response. Twin Otter water bomber An undated photo Twin Otter water bomber aircraft during an active fire surpression operation. (Ministry of Natural Resources/Ontario Forest Fires/X) Officials warn that high winds and dry conditions could exacerbate fire growth in the coming days. Updates on evacuation logistics and fire status are being shared via the MNR's interactive fire map and community bulletins.
CTV News
5 days ago
- General
- CTV News
Man fined $10K for abandoning homemade barge in Lake Nipissing
A man from Lavigne, Ont., has been fined $10,000 for abandoning a homemade barge in Lake Nipissing. (FIle) A man from Lavigne, Ont., has been fined $10,000 for abandoning a homemade barge in Lake Nipissing. Benjamin Lindsay was found guilty of unlawfully depositing materials on public lands and unlawfully depositing materials on water covering public lands. In addition to the fine, he is prohibited from camping on Crown land in Ontario for five years. 'The court heard that an investigation was made after complaints were received in June 2023 about a home-made barge on Lake Nipissing,' the Ministry of Natural Resources said in a news release Friday. 'At the time, it was partially sunk in the public boat launch. The barge, which was built using an old pontoon boat and agricultural water tanks, was overloaded with a camper trailer, a truck topper and a variety of appliances, tools, motors and other items.' The barge was later abandoned in the northwest bay of Lake Nipissing, where it spent the winter. 'In the spring of 2024, the barge was found partially sunk along with a wide variety of household materials, broken equipment, fuel and oil cans and other garbage along the adjacent shoreline,' the MNR said. Justice of the Peace Ruby Beck heard the case in the Ontario Court of Justice in North Bay on Sept. 26. To report a natural resource problem or provide information about an unsolved case, members of the public can call the ministry TIPS line toll-free at 1-877-847-7667. Call Crime Stoppers to remain anonymous at 1-800-222-TIPS. For more information about unsolved cases, click here.
CTV News
5 days ago
- Politics
- CTV News
Ont. man fined $100K for violating lake trout habitat protection rules
A stock photo of an Ontario lakefront cottage with a Canadian flag. (File photo/Arpad Benedek/iStockPhoto) A northern Ontario man has been fined $100,000 for failing to comply with a work permit in an area designated to protect lake trout habitat. Robert Platford of Clearwater Bay, near the Manitoba border, pleaded guilty to violating the terms of an approved permit under the Public Lands Act, the Ministry of Natural Resources announced in a court bulletin on Friday. The charges stemmed from construction activity in an area covered by a restricted area order, which limits development to preserve natural resources, including fisheries and wetlands. Platford built a cottage in May 2020 under a work permit but failed to remove his old cottage as required. As a result, he exceeded the 20 per cent development limit set by Clearwater Bay Development Guidelines. The older structure has since been dismantled. 'The Ontario government is safeguarding lake trout populations by ensuring their habitats are not overdeveloped,' the ministry said in the bulletin. 'Restricted area orders mandate permits for construction on both public and private lands to prevent ecological harm.' Justice J. A. Bernard Caron presided over the case remotely in Kenora's Ontario Court of Justice on Jan. 20. Anyone with any information that could assist conservation officers in their investigation is asked to contact the MNR tip line toll-free at 1-877-847-7667 or Crime Stoppers anonymously. For more information about unsolved cases, click here.
