Latest news with #STIP
Canada Standard
28-05-2025
- Business
- Canada Standard
Canada Invests in Green Jobs for Youth
Canada News Centre 28 May 2025, 19:30 GMT+10 May 28, 2025 Ottawa, Ontario Natural Resources Canada Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, and the Honourable Patty Hajdu, Minister of Jobs and Families, announced $15 million to create 470 employment and skills training opportunities for youth across Canada in natural resources sectors including energy, forestry, mining, earth sciences and clean technology. Through the Science and Technology Internship Program (STIP) - Green Jobs, employers in natural resources sectors can apply for funding to hire, train and mentor youth aged 15 to 30 for up to 12 months. These job opportunities will ensure that Canada's natural resources sectors remain a source of economic growth and prosperity in the future. STIP - Green Jobs is part of the Government of Canada's Youth Employment and Skills Strategy (YESS), which supports youth in gaining the hands-on skills and experience they need to effectively transition into the labour market. Visit Natural Resources Canada's STIP - Green Jobs page to find out how to apply to be an employer or an intern.
Cision Canada
28-05-2025
- Business
- Cision Canada
Canada Invests in Green Jobs for Youth Français
OTTAWA, ON, May 28, 2025 /CNW/ - Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, and the Honourable Patty Hajdu, Minister of Jobs and Families, announced $15 million to create 470 employment and skills training opportunities for youth across Canada in natural resources sectors including energy, forestry, mining, earth sciences and clean technology. Through the Science and Technology Internship Program (STIP) – Green Jobs, employers in natural resources sectors can apply for funding to hire, train and mentor youth aged 15 to 30 for up to 12 months. These job opportunities will ensure that Canada's natural resources sectors remain a source of economic growth and prosperity in the future. STIP – Green Jobs is part of the Government of Canada's Youth Employment and Skills Strategy (YESS), which supports youth in gaining the hands-on skills and experience they need to effectively transition into the labour market. Visit Natural Resources Canada's STIP – Green Jobs page to find out how to apply to be an employer or an intern. Quotes "Canada's natural resources industries need talented and well-trained young people if we are going to make Canada an energy superpower and create the strongest economy in the G7 for decades to come. Jobs like these provide the opportunities that make Canada the best country in the world — where hard work pays off, good jobs are available for all Canadians and we invest in our natural strengths and ensure our economic sovereignty." The Honourable Tim Hodgson Minister of Energy and Natural Resources "Canada is home to world-class talent and rich natural resources. The announcement the federal government is making today on green jobs for youth today marries the two. This $15-million investment will create hundreds of good-paying jobs, build up our green energy infrastructure and grow our economy for generations to come." The Honourable Patty Hajdu Minister of Jobs and Families Quick Facts STIP – Green Jobs provides funding to eligible employers across Canada to hire, train and mentor youth in the natural resources sector, including in energy, forestry, mining, critical minerals, earth science and clean technology. Funding for jobs is now available through 11 delivery organizations: STIP – Green Jobs promotes inclusion, diversity, equity and accessibility by targeting 60-percent participation from employment equity groups. Since 2017, STIP – Green Jobs has created more than 5,300 green jobs and skills training opportunities for youth in all provinces and territories. With STIP – Green Jobs, Canada is taking action on its whole-of-government approach to create sustainable jobs and build a strong economy. Canada's approach to sustainable jobs is outlined in its 2023-2025 interim Sustainable Jobs Plan and the Canadian Sustainable Jobs Act (2024). The Youth Employment and Skills Strategy is a horizontal initiative funded at $351.2 million in 2025–26, involving 12 federal departments and agencies, including Natural Resources Canada. The STIP – Green Jobs has been part of the Government of Canada's Youth Employment and Skills Strategy since 1997. Follow us on LinkedIn SOURCE Natural Resources Canada
Yahoo
16-03-2025
- Business
- Yahoo
Capito: 2025 earmarks gone with spending bill
Mar. 15—MORGANTOWN — If your community is expecting big money from Washington for your favorite project, it may be time to move on. There's a good chance it's not coming. Senator Shelley Moore Capito's office confirmed to The Dominion Post on Friday that the congressionally directed spending program is cancelled for fiscal year 2025 if the continuing resolution before the The U.S. Senate is ultimately passed. The program represents hundreds of millions of dollars for West Virginia. "You are correct that the Continuing Resolution that the Senate is currently considering on the floor does not include any Fiscal Year 2025 Congressionally Directed Spending projects, " Capito Communications Director Kelley Moore explained. "Senator Capito and members of our staff have conveyed this to West Virginians." That's not what the city of Morgantown says. "As of right now, the City of Morgantown has not received any form of official correspondence from state or federal authorities regarding the status of state and /or federal grants, " Morgantown Communications Specialist Hollie Gregory told The Dominion Post one day earlier. According to the United States Senate Committee on Appropriations, the 2025 earmarks represent nearly $35 million for WVU. Also included is $26, 072, 000 for the Morgantown Industrial Park Access Road Project, which The Dominion Post understood to mean the bridge project across the Monongahela River. When asked, the state said no. "Triton Construction was awarded a contract for $59, 764, 000 for the project in August 2024, and the project is currently under construction. The project is part of WVDOH's Statewide Transportation Improvement Program (STIP) and is being funded without the intention of relying on any federal "earmarks, " WVDOT Public Relations Specialist Rusty Marks said. Other "congressionally directed spending " previously approved for 2025 includes $1.5 million for a Morgantown Police Department fleet update and $1.3 million for WVU law enforcement. Other items listed include a total of $12.25 million for Mon Health Medical Center ; $1.5 million for the Morgantown Historic Streetscape Revitalization and $500, 000 for both the Brookhaven Road improvement project and Cheat River Rail-Trail construction. As of right now, it also seems the cuts include $2 million for the revitalization of lower Greenmont. The city confirmed the earmark had been approved last fall. It hoped to have the funds in hand by this spring in order to continue efforts to acquire land, combat blight, demolish dilapidated structures and, potentially, help construct accessible housing in a largely run-down portion of Morgantown's oldest neighborhood. During its meeting earlier this week, members of the Morgantown Land Reuse & Preservation Agency said they have serious concerns about whether that money will actually materialize. "It doesn't seem good right now, " LRPA President Jessica McDonaled said. In response, the body is looking to start engaging the private sector. The agency has already assembled a number of properties in lower Greenmont, particularly along Pennsylvania Avenue. The goal is to package the properties and make an attractive offer to a developer of attainable housing. The body asked Development Services Director Rickie Yeager to begin working on a request for proposals. Michael Mills said the group has a vision for what it wants to see in lower Greenmont, but no real way to finance the transformation. At the very least, he continued, the agency should begin communicating the potential of lower Greenmont to potential investors. "Some of that discussion was relying on federal money, which I don't think we're going to see. So I think you've got to marry the private money with what we've got in hand, " he said, later adding, "I think you say 'This is our vision. This is our opportunity. Who wants to play ?"
Yahoo
12-03-2025
- Business
- Yahoo
Montage Gold Reports on Executive Incentive Plan Milestones
VANCOUVER, British Columbia, March 12, 2025 (GLOBE NEWSWIRE) -- Montage Gold Corp. ('Montage' or the 'Company') (TSXV: MAU, OTCQX: MAUTF) is pleased to report on its 2024 achievements, compared to the previously published milestones for the period, and announce the 2025 targets linked to its executive incentive plan. Ron Hochstein, Chair of the Board of Montage, commented: 'On behalf of the Board of Directors and all our stakeholders, I would like to congratulate the management team for the significant success achieved in 2024, culminating in the launch of construction at our Koné project in Côte d'Ivoire. The Board is excited to continue to support management as they rapidly progress on delivering our strategy of creating a premier African gold producer.' The Compensation Committee designed the executive incentive programme with the goal of aligning compensation with corporate achievements that will drive stakeholder value creation. In line with the Company's commitment to transparency and accountability, the performance-based objectives provide clear, measurable, and transparent targets. The 2024 Short-Term Incentive Plan ('STIP') objectives focused on achieving the critical milestones necessary to launch the construction of the Koné project by Q1-2025, including permitting, financing, engineering, creation of a team and securing land access. In addition, the objectives focused on further enhancing the project's economics through exploration success. The STIP targets were over-achieved, with notably the construction having been launched ahead of schedule in Q4-2024, as summarized in Table 1 below, which will be further detailed in the Company's upcoming Management Information Circular ('MIC').Category Milestone target Achievement Permitting(25%) Obtaining necessary environmental and mining permits Environmental permit received on May 7, 2024, and mining permit received on July 10, 2024, both ahead of schedule. Financing(20%) Securing funding for the launch of the Koné project Secured over US$950 million of financing sources while limiting equity dilution Project Development(35%) Completion of the Front-End Engineering Design (FEED) study and all other necessary work to allow for a construction launch for Q1-2025 Construction launched ahead of schedule in Q4-2024 Exploration(20%) Advancing exploration on higher grade satellite deposits with the goal of delineating resources for year-end reporting On track to achieve the published target of discovering more than 1Moz of M&I resources, at a 50% higher grade than the Koné deposit1, to be achieved before the commencement of production. Maiden resources for new discoveries expected to be published in the coming weeks. Health& Safety 25% reduction to be applied in the event of a serious incident resulting in multiple injuries or a fatality No Lost Time Injuries ('LTI') with over 730,000 hours worked across exploration and project development Other Exercised right to repurchase a 1.0% royalty on the Koné project from Barrick Gold and Endeavour Mining for US$10m, given the strong financing sources 19.9% stake investment made in Sanu Gold. 1For further information on the discovery target please refer to the Company's news release dated December 18, 2024, and for information regarding the Koné deposit please refer to the Updated Feasibility Study press release dated January 16, 2024 available on Montage's website and on SEDAR+. In light of the above achievements, Montage was one of the top performing stocks on both the TSX Venture Exchange and the OTCQX for the 12-month period ending December 31, 2024. The 2025 STIP objectives are centered on the successful advancement of the Koné project construction to meet the scheduled first gold pour in Q2-2027, in addition to further enhancing the project's economics through the delineation of higher-grade resources, as summarized below: Project Development (60%): Koné project remaining on budget and on track for first gold pour in Q2-2027 Exploration (30%): Remains on track for the discovery of 1Moz of M&I resources, at a 50% higher grade than the Koné deposit, to be achieved before the commencement of production ESG (10%): Strong focus on local content with over 85% of employees for the construction being locally sourced, with the majority from the area surrounding the mine In line with Montage's focus on Health and Safety, a reduction of 25% will be applied in the event of a serious incident resulting in multiple injuries or a fatality As part of the 2025 LTIP programme, senior executives and employees received Performance Share Units ('PSUs') and options which strongly align management's interests with those of shareholders and rewards for good performance against the Company's peers. A total of 1,333,839 PSUs and 3,750,741 incentive stock options were granted to senior executives, Directors, certain employees, and other eligible persons of the Company. The PSUs and options granted are in accordance with the Company's Omnibus Equity Incentive Plan. The PSUs are subject to a three-year vesting period and are subject to the performance-based achievements as stated above. The options are exercisable, subject to a three-year vesting period, over a period of five years at a price of C$2.40 per share. Montage has 351,366,246 Common Share outstanding and will have 380,138,917 shares on a fully diluted basis as of today, which includes the 1,350,000 Restricted Share Units ('RSUs') granted to senior management on July 1, 2024. The RSUs were granted in accordance with the Company's Omnibus Equity Incentive Plan and are subject to vesting provisions and are included in Montage's fully diluted share amounts. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ABOUT MONTAGE GOLD Montage Gold Corp. (TSXV: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d'Ivoire and currently under construction, with first gold pour expected in Q2-2027. Based on the Updated Feasibility Study published in 2024 (the 'UFS'), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027. TECHNICAL DISCLOSUREMineral Resource and Reserve EstimatesThe Koné and Gbongogo Main Mineral Resource Estimates were carried out by Mr. Jonathon Abbott of Matrix Resource Consultants of Perth, Western Australia, who is considered to be independent of Montage Gold. Mr. Abbott is a member in good standing of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under NI 43–101. The Mineral Reserve Estimate was carried out by Ms. Joeline McGrath of Carci Mining Consultants Ltd., who is considered to be independent of Montage Gold. Ms. McGrath is a member in good standing of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the work which she is undertaking to qualify as a Qualified Person under NI 43–101. QUALIFIED PERSONS STATEMENTThe scientific and technical contents of this press release have been verified and approved by Silvia Bottero, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mrs. Bottero, EVP Exploration of Montage, is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP), a member of the Geological Society of South Africa and a Member of AusIMM. CONTACT INFORMATION For Investor Relations Inquiries:Jake CainStrategy & Investor Relations Managerjcain@ 7788 687 567 For Media Inquiries:John VincicOakstrom Advisorsjohn@ For Regulatory Inquiries:Kathy LoveCorporate Secretaryklove@ FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, 'Forward-looking Statements'). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as 'will', 'intends', 'proposed' and 'expects' or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the Company's objectives of achieving first gold pour in the second quarter of 2027; the Company's mineral reserve and resource estimates; the stated STIP targets for 2025, which include project development, exploration results and financing objectives and the potential payout of the equity compensation. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There is no assurance that any of the 2025 STIP targets will be achieved. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies such as the Mineral Reserve Estimate and the UFS, and in delineating new mineral reserve and resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d'Ivoire, title risks, including failure to renew concessions, unanticipated commodity price, , the results of drill programs, the availability of financing, local employment issues including availability of qualified local employees, and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits, and other risk factors set forth in the Company's Annual Information Form available at under the heading 'Risk Factors'. The Company undertakes no obligation to update or revise any Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
Yahoo
08-03-2025
- Business
- Yahoo
NCDOT proposed 10-year project plan shows delays, including to Capital Boulevard freeway
RALEIGH, N.C. (WNCN) — Hundreds of North Carolina Department of Transportation projects across the state may be facing delays, includes a plan to turn a portion of Capital Boulevard into a freeway. NCDOT released its proposed 10-year plan, which is updated about every two years. Known as the State Transportation Improvement Plan, it outlines ongoing and planned project statewide. In the plan, phase one of the Capital Boulevard project is delayed possibly for five years. 'It is an outstanding project' said Joe Milazzo, the executive Director of the Regional Transportation Alliance, which says it's the voice of the regional business community on transportation. 'We've wanted to see that move forward for a long time. It is going remove every one of the traffic lights between 540 and the Franklin County line and so that will save people enormous amounts of time, headache and stress,. The project is broken into four phases. The current STIP plan has construction for the first phase, which runs from Interstate 540 to Durant Road start in 2026. The newly-proposed STIP plan doesn't have construction start until 2031. Construction for the second phase would also start in 2031, according to the newly drafted STIP. The other two phases, which run all the way to Purnell Road in Wake Forest, would start in 2033. The newly-estimated cost of the project is now more than $1.3 billion, an approximately 60% increase from the current estimate of more than $827 million. 'The primary reason would be because of inflationary pressures and the requirement we have to balance the STIP,' NCDOT Deputy Chief Engineer Drew Cox said. 'Even though we experience those, we still have to keep the STIP fiscally constrained. We're required to do that by state and federal law. That would be the primary reason, but the right of way and utilities along that corridor are a challenge. 'The drastic increase goes back to the pressures we've had with inflation and increased costs for doing business,' Cox said. 'The other thing we have tried to accommodate in our planning, which has been a real challenge over the last few years, is we've gone back and re-evaluated how we're doing estimates to try and accommodate some of the changes we're seeing over the last three or four years.' According to Cox, about 200 projects in various stages may be facing delays and there could be factors other than costs contributing. 'There are other reasons though that can be unrelated to budgetary constraints,' he said. 'Challenges with right of way, challenges with utilities, projects in urban areas. Capital Boulevard is one of those. The time required to purchase right of way, the time required to adjust utilities can also serve to create challenges that cause you to move your construction schedule dates.' According to the proposed plan, the widening of I-85 between Hillsborough and Durham is delayed beyond 2035. The plan is a draft for now until potentially approved later this year. Public feedback may be provided until April 4 through the NCDOT website. The U.S. Department of Transportation said construction costs have increased significantly since 2020. CBS 17's Mary Smith is an Investigative Reporter focused on Digging Deeper and Getting Answers. If you have a story that needs investigating, send an email to Investigates@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
