Latest news with #Queensway
Cision Canada
6 days ago
- Business
- Cision Canada
New Found Gold Announces Temporary Suspension of Heavy Equipment Exploration Activities on the Queensway Gold Project in Response to Forest Fire Risk in the Region
VANCOUVER, BC, Aug. 13, 2025 /CNW/ - New Found Gold Corp. (" New Found Gold" or the " Company") (TSXV: NFG) (NYSE-A: NFGC) announces the temporary suspension of all exploration activities involving heavy equipment in or near forested areas including, drilling, mulching and excavating on the Company's 100% owned Queensway Gold Project (" Queensway" or the " Project"), located in Newfoundland and Labrador, Canada in response to the forest fire risk in the region. Keith Boyle, Chief Executive Officer, commented: "The Fire Weather index across the island of Newfoundland is classified as Extreme or Very High, with several major fires burning. At this time, our thoughts are with our employees and contractors, our local communities, and the people of Newfoundland and Labrador. On behalf of the entire New Found Gold team, I send our sincere thanks to the firefighters who are working tirelessly to battle the blazes currently burning in the province." The Company expects to provide additional information when available. About New Found Gold Corp. New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce. The Company has completed an initial MRE and PEA at Queensway (see New Found Gold news release dated March 24, 2025 and July 21, 2025). Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,450 ha project that covers a 110 km strike extent along two prospective fault zones. New Found Gold has a new management team in place, a solid shareholder base, which includes a 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway. Keith Boyle, Chief Executive Officer New Found Gold Corp. Contact For further information on New Found Gold, please visit the Company's website at contact us through our investor inquiry form at or contact: Fiona Childe, Ph.D., Vice President, Communications and Corporate Development Phone: +1 (416) 910-4653 Email: [email protected] Follow us on social media at Forward-Looking Statement Cautions This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the temporary suspension of heavy equipment exploration activities on Queensway; the merits of the Project; and future press releases by the Company, including providing additional information in connection with the temporary suspension. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "interpreted", "intends", "estimates", "projects", "aims", "suggests", "indicate", "often", "target", "future", "likely", "encouraging", "pending", "potential", "goal", "objective", "opportunity", "prospective", "possibly", "preliminary", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Management's discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at for a more complete discussion of such risk factors and their potential effects.
CTV News
02-07-2025
- Automotive
- CTV News
Westbound O'Connor on-ramp to Hwy. 417 closed for the summer as part of highway construction
The O'Connor Street on-ramp to the westbound lanes of Highway 417 is now closed for the next two months due to construction on the major highway through Ottawa. Construction began in May to reconstruct the median and 'undertake operational improvements' to the Queensway from the O-Train bridges to Kent Street. Starting July 2, the O'Connor Street on-ramp to the Queensway is closed until Aug. 29, with a detour in effect. The eastbound lanes of Hwy. 417 will now be reduced to two through lanes between Bronson Avenue and Kent Street. Officials say the outside lane beyond Bronson Avenue must exit at Kent Street. According to Kiewit Dufferin Midtown Partnership, three eastbound lanes will be maintained from Island Park Drive to Bronson Avenue and three westbound lanes will be maintained between Kent Street and Island Park Drive. 'Additional periodic lane closures will occur during off-peak daytime hours and overnight throughout the construction zone,' officials said. Lane closures, median closures and traffic control staging will be in place in the eastbound and westbound lanes until Oct. 30 for construction. 'To facilitate the access to Highway 417 median construction including but not limited to removals of existing infrastructure, installation of new drainage, overhead signs, electrical infrastructure, and median barrier wall,' the company said in a statement. Other construction work underway on Highway 417 includes improvements to the noise barrier and retaining wall replacements from Island Park Drive to Kent Street. The westbound on-ramp at Parkdale Avenue and the westbound off-ramp at Island Park Drive along Highway 417 are also closed until October for construction related to concrete curbs, retaining walls, drainage, noise barriers and landscaping work.
Harpers Bazaar Arabia
16-06-2025
- Business
- Harpers Bazaar Arabia
History In The Making: Tour The Whiteley's Latest Ultra-Elegant, All-English Residence
New life breathed into an iconic London building honours both purpose and place Whether you are a born and bred Londoner or a recurring visitor to the capital, you'll no doubt have heard about Whiteleys department store in some capacity. Conceived by its namesake William Whiteley, its first iteration was as a drapery shop on Westbourne Grove which opened in 1863. It moved, in 1911, to a bigger purpose-built store on Queensway which was considered to be the 'largest shop in the world' and the 'most beautiful store in the United Kingdom'. This bastion of luxury and lifestyle was further extended between 1925 and 1927 to incorporate the iconic Grade II-listed frontage that stands today. It closed in 1981, reopening eight years later as a shopping centre, before eventually shuttering completely in 2018. But another incarnation awaited. A Dhs4.9 billion revival into The Whiteley to build a landmark residential and hospitality destination home to Six Senses' first London hotel, luxury residences and The Designer Collection. The latter comprises a series of luxury apartments, with the latest residence just unveiled. A first-of-its-kind collaboration in the UK, the apartment has been conceptualised by RH Contract, bringing the design authority of RH – formerly Restoration Hardware – to this spectacular three-bedroom, duplex home. Exceptionally spacious, the apartment unfolds over 4,000 square feet, with 6.1-metre ceilings, and an open-plan layout with herringbone floors that establishes a spatial flow. Stunning arched windows amplify both natural light and views, while the mezzanine houses the master bedroom, which elegantly floats over the living area below. Interiors blend classic European elegance with modern refinement, where serene hues of soft beige, white and warm caramel tones couple with striking lighting design, such as the Rain Round chandelier by master glass designer Alison Berger. RH furnishings dress each room, with pieces like the Matteo Sofa, Scala Chair and Lara Dining Chair adding both comfort and refinement. Make your home here and you'll be in good company. The design of the prestigious Whiteley development incorporates a multitude of functions, from shops and restaurants, to leisure and Six Senses' five-star hotel. But beyond the building, the redevelopment breathes new life into the neighbourhood, creating a connection for its community with its past and present. A one-of-a-kind residence that encapsulates the iconic legacy of this landmark building, its future is for the taking.
Travel Daily News
29-05-2025
- Business
- Travel Daily News
Cheval Collection appoints sector expert as CCO
Cheval Collection appoints Nick Pilbeam as Chief Commercial Officer to drive global expansion, loyalty programs, and EMEA growth in serviced apartments. Cheval Collection has appointed Nick Pilbeam as Chief Commercial Officer to its growing team as it continues to expand globally. The company, whose inventory is nearing the 1,000 unit mark, is in discussions over a number of dynamic locations, pursuing growth through management contracts. Pilbeam has more than 20 years' experience in international travel, loyalty, tourism and hotel sectors, joining Cheval Collection from Queensway, where he was Commercial Director of the hotel group. He has also held positions at Avios and British Airways. Mohammed Alawadhi, Managing Director, Cheval Collection said: 'We are privileged to be working with someone of Nick's calibre as we move into our next phase of expansion. Nick's knowledge of both operations and the investor viewpoint gives him a thorough understanding of our sector. 'Nick's experience in loyalty will also prove invaluable as we introduce our Cheval Discovery loyalty programme, part of the Global Hotel Alliance, across our properties this year. The programme will be an important tool to help us recognise our guests, as well as bolstering our marketing reach.' Pilbeam said: 'This is an exciting time to join Cheval Collection and I look forward to working with the team as we drive the business forward. Serviced apartments have moved into the mainstream for guests and investors, who are attracted to their flexibility and operational efficiency. Cheval Collection's 40 plus years as an owner and operator means that it has become a brand they can trust.' The group is continuing to sign deals across EMEA. The opening of the Cheval Maison – Expo City Dubai in March took Cheval Collection to over 950 units, after adding more than 300 since opening its Lexham Gardens by Cheval Maison property in London in 2021. The group is due to make its debut in Saudi Arabia in 2027, with Cheval Ladun Living, located in Riyadh. Future projects also include Cheval Maison – West Regent Glasgow, set to open Q1 2027.
The Market Online
28-05-2025
- Business
- The Market Online
Eric Sprott takes controlling stake in New Found Gold
New Found Gold (TSXV:NFG) will undertake a C$49 million bought-deal offering and a C$20 million non-brokered private placement Prominent mining investor Eric Sprott will participate in both financings, increasing his investment into a controlling over 20-per-cent stake New Found Gold is a top gold explorer and project developer in Newfoundland and Labrador, a tier-one mining jurisdiction New Found Gold stock has given back 59.2 per cent year-over-year but remains up by 32.47 per cent since 2020 New Found Gold (TSXV:NFG) will undertake a C$49 million bought-deal offering and a C$20 million non-brokered private placement, including lead orders by prominent mining investor Eric Sprott. The bought-deal offering, with BMO Capital Markets, SCP Resource Finance and a syndicate of undewriters, involves 21.4 million charity flow-through shares priced at C$2.29. Closing is expected in tranches on June 3 and June 12, 2025. Proceeds will go towards flow-through mining expenditures by December 31, 2026, on the company's Queensway gold project in Newfoundland and Labrador. Queensway offers exposure to an initial resource estimate of 2 million ounces indicated plus inferred, robust expansion potential across the 1,756-square-kilometre land package and a preliminary economic assessment expected by the end of Q2 2025. The private placement will see New Found Gold issue 12,269,939 non-flow-through shares priced at C$1.63, with proceeds going towards Queensway, as well as general corporate and working capital purposes, and closing contingent on disinterested shareholder approval. Sprott will invest in the offering to maintain his approximately 19-per-cent position in New Found, and in the private placement for enough shares to increase his investment beyond the 20-per-cent mark, which would make him a Control Person in the company. Leadership insights 'With a significant lead order by Eric Sprott on both the offering and the private placement, the proceeds from the financing will allow us to advance the Queensway gold project to the development stage,' Keith Boyle, New Found Gold's chief executive officer, said in a statement. 'Mr. Sprott has been a highly supportive shareholder in the company since its early days and we thank him for his continued support as we embark on this next chapter for the company.' About New Found Gold New Found Gold is a top gold explorer and project developer in Newfoundland and Labrador, a tier-one mining jurisdiction. New Found Gold stock (TSXV:NFG) is up by 13.97 per cent on the news trading at C$2.04 per share as of 9:57 am ET. The stock has given back 59.2 per cent year-over-year but remains up by 32.47 per cent since 2020. Join the discussion: Find out what everybody's saying about this Canadian gold stock on the New Found Gold Corp. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
