Latest news with #Saguenay
CTV News
a day ago
- Business
- CTV News
Support for the third link: ‘It's fantastic,' says minister
Quebec Minister for Infrastructure Jonatan Julien answers questions during a press scrum at the opening of the Coalition Avenir Québec caucus in Saguenay on Thursday, Sept. 7, 2023. (The Canadian Press/Francis Vachon) Even though the cost and route of the third link are still unknown, Jonatan Julien, minister for the Capitale-Nationale region, is enthusiastic to see that the project is still popular in Quebec City. 'I am happy to see that 70 per cent of people support this project ... It's fantastic. We must move forward,' he said during a press conference on Tuesday at the National Assembly. A SOM poll published in Le Soleil on Tuesday morning indicates that 70 per cent of citizens surveyed are in favour of the third link project between Quebec City and Lévis. The CAQ government has been very indecisive about the project. In April 2023, Transport Minister Geneviève Guilbault abandoned the project for a motorway link between Quebec City and Lévis. Instead, she proposed a tunnel dedicated to public transport. Then, in October 2023, less than 24 hours after his crushing defeat in Jean-Talon against the Parti Québécois (PQ), Premier François Legault took everyone by surprise by announcing that he wanted to consult the people of Quebec City about the third link and that all options were on the table. The project was revived in June 2024 despite an unfavourable report from the Caisse de dépôt et placement du Québec. At present, the route and cost of the project are still unknown. Minister Guilbault is expected to unveil the chosen corridor shortly. 'Election gimmick' Québec solidaire (QS), which strongly opposes the project, believes that support for the project is being maintained due to 'lobbying.' 'There is strong lobbying by the Lévis Chamber of Commerce and certain private media outlets in Quebec City pushing for this project. I understand that people are tired of being stuck in traffic. Quite honestly, I understand them. I sympathize with them. However, the real solutions to put forward are not to add more traffic lanes,' said QS MNA Etienne Grandmont, who describes the project as an 'electoral gimmick.' The third link is nothing more than an 'electoral fad,' according to PQ MNA Pascal Paradis. 'It's an issue that is being used for electoral purposes by the CAQ. Promises are made before the elections, and now we're heading towards a general election in 2026. Suddenly, we're back to the third link, and it's costing us a lot of money,' he said. The SOM-Le Soleil poll was conducted from 27 to 30 May 2025 among 929 French-speaking Quebec adults in the Quebec City census metropolitan area (CMA). The maximum margin of error for all respondents is +/- 4.9%, 19 times out of 20. This report by The Canadian Press was first published in French on June 3, 2025.
Malay Mail
2 days ago
- Business
- Malay Mail
First Phosphate Closes Final Tranche of Oversubscribed Private Placement
[email protected] Saguenay, Quebec - Newsfile Corp. - June 2, 2025 - First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) ("" or the "") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement financing (the ""), as further described in the Company's news releases dated May 9, 2025 and May 28, part of both tranches of the Offering, the Company raised a total of $3,517,519 through the issuance of 7,275,309 Flow-Through Shares at a price of $0.35 for gross proceeds of $2,773,858, and 2,124,747 Hard Dollar Units at a price of $0.35, comprised of 2,124,747 Common Shares and 1,062,373 Warrants, for gross proceeds of $743, with this Offering, the Company has raised to date a total of approximately $23.8 million in 7 management-led non-brokered private-placement financings since June the final tranche of the Offering, the Company raised a total of $1,126,365 through the issuance of 2,883,429 Flow-Through Shares for gross proceeds of $1,009,200, and 334,757 Hard Dollar Units, comprised of 334,757 Common Shares and 167,378 Warrants, for gross proceeds of $117, total, in connection with the Offering, the Company paid $800 in cash finder's fees, issued 471,152 Compensation Shares and advisory shares at a price of $0.35 per common share, and issued 444,867 Compensation Warrants, exercisable at a price of $0.50 per common share of the Company, until December 31, 2025, subject to an Accelerated Expiry Date. All securities issued under the Offering are subject to a four-month and one day statutory hold period in accordance with applicable securities laws. The Company intends to use the proceeds from the Offering as disclosed in the Company's press release dated May 9, 2025. Capitalized terms used in this news release and not defined herein have the meanings given to them in the Company's news release dated May 9, news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals. There can be no assurance that any further securities will be sold under Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company is committed to sustainable extraction and purification with a low anticipated carbon footprint. Its vertically integrated model connects phosphate mining directly into the supply chains of North American battery producers. First Phosphate's flagship project, the Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, contains rare igneous anorthosite rock that yields high-purity phosphate with minimal KurtzChief Financial OfficerTel: +1 (416) 200-0657Investor Relations: [email protected] Media Relations: [email protected] Website: X : LinkedIn: -30-THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES The issuer is solely responsible for the content of this announcement.
CBC
7 days ago
- General
- CBC
Entangled right whale seen in St. Lawrence River estuary, officials say
The Department of Fisheries and Oceans says it's aware of an entangled North Atlantic right whale on the north shore of the St. Lawrence River estuary. It says the whale was spotted in the Saguenay-St. Lawrence Marine Park on Tuesday from a vessel in the area. The department says officials are trying to find the whale and that they'll try to free it if weather and sea conditions allow. The public is being asked to avoid approaching any rescue effort. Officials say they don't yet know what type of gear the whale is caught in or where the gear came from. They added that they're looking into whether this is a new or a previously known entanglement. North Atlantic right whales are critically endangered, with fewer than 400 remaining in the wild.
CTV News
28-05-2025
- General
- CTV News
Quebec man catches dengue fever during trip to Martinique
A Quebec man is warning fellow travellers to protect themselves before heading off on any international adventures after he caught dengue fever, a viral infection transmitted by mosquitoes, while on a trip to Martinique in the Caribbean. 'Two days before I came back, I started to get really ill,' Jacob Tremblay tells Noovo Info. 'I had a fever of 40 [degrees Celsius], and when I got on the plane, I was in bad shape.' Upon returning home to Saguenay, Tremblay says he had muscle pain, difficulty walking and a swollen stomach. He was eventually admitted to a hospital in Jonquière in the province's Saguenay–Lac-Saint-Jean region. 'I was in so much pain that I told the doctor that if what they were doing didn't work, I was going to ask for medical aid in dying,' said Tremblay. 'It hurt so much. It was horrible.' Cases of dengue fever are considered rare, presenting with symptoms including fever, headache, rash and muscle and joint pain. In serious cases, it can cause death. In Canada, there is currently no approved vaccine or medication that protects against it. 'Classic dengue fever causes headaches and fever, so it's not very serious. The mortality rate is around one per cent,' explains Nancy Lavoie, a nurse who specializes in travel health. However, she adds, dengue hemorrhagic fever, also known as severe dengue, can affect the body's vascular system and lead to significant internal bleeding and organ failure. The Public Health Agency of Canada notes that though the dengue virus is not present in mosquitoes in Canada, outbreaks are increasingly common in tropical and subtropical regions. It recommends protecting yourself from mosquito bites when in areas where dengue fever is present. Additionally, all travellers should make sure to be properly protected before taking flight. To find out if your travel destination requires certain vaccines or medications, click here.
CBC
22-05-2025
- Business
- CBC
Reviving Quebec LNG project would be costly, likely unprofitable: new report
Reviving a liquefied natural gas export project in Quebec's Saguenay region would be costly and likely unprofitable, a shareholder advocacy group says, as economic threats from the U.S. rekindle interest across the country in new pipelines. Demand for LNG in Europe dropped by 18 per cent between 2022 and 2024, and Canadian exports would have a hard time competing in Asian markets, says advocacy group Investors for Paris Compliance. "Investing in infrastructure that will be very expensive and likely won't be profitable will weaken our economy rather than strengthen it," Renaud Gignac, an economist and senior adviser for the group, said in an interview. In a report published Thursday, Gignac notes LNG production is expected to grow by 40 per cent from 2024 to 2028, driven by projects in the United States and Qatar, and demand is not expected to keep pace. "This is significant," Gignac said. "What this means is that the profitability of any new project is compromised because we risk seeing downward pressure on prices." A project to transport natural gas from Western Canada to an export terminal in Quebec's Saguenay region was cancelled in 2021 due to environmental risks and public opposition. But Quebec Premier François Legault has recently opened the door to pipeline development in the province, saying Quebecers recognize the importance of reducing the country's dependence on energy exports to the U.S. The advocacy group says inflation could balloon the project's price tag to more than $33 billion, and public money would likely be required. "These are considerable investments that mobilize public capital and labour as well," said Gignac, a climate policy analyst. "When you direct resources to this type of project, you make choices, and we believe there are options that could be more profitable in the long term, for both public and private investors." Pipeline projects a 'false solution,' says economist U.S. President Donald Trump's threats to impose punishing tariffs on Canadian exports have ignited public debate on the utility of a trans-Canadian pipeline to ship oil or gas overseas. Prime Minister Mark Carney and Legault are among those who've chimed in on re-evaluating pipeline projects. "As initial panic subsides following the Trump administration's tariff threats, a calmer analysis of the East Coast LNG projects show that they carry significant risks for potential investors and taxpayers," says the report. The analysis did not address the potential revival of a west-east oil pipeline project like Energy East, abandoned by TransCanada in 2017, which would have crossed through Quebec to New Brunswick. But Gignac says the conclusions of such an analysis would be similar. "There is an imminent forecast of peak demand," he said. The group said there are better ways to stimulate the Canadian economy, including integrating provincial electricity grids and mining critical minerals, which are key for the electrification of transportation and will be needed elsewhere in energy transition. His group's support for mining, however, puts the association at odds with some environmentalists. "Mining is certainly not without environmental impact," Gignac said. "So we will also have to look at the most responsible ways to extract these minerals and bring them to market." The report also identifies the federal government's plans to build a high-speed train linking Quebec City, Montreal and Toronto as a promising project.
