Under the auspices of Ontario’s North Economic Development Corporation (ONEDC), with funding support from FedNor and the Northern Ontario Heritage Fund Corporation (NOHFC), MineConnect will lead the opening of a storefront in Elko, Nevada, planned for fall 2021. Given the importance of the Nevada mining sector to Northern Ontario companies, this initiative will allow the region’s mining supply and service (MSS) companies to establish a local presence in Nevada with very little financial risk.
“ONEDC is proud to be working with MineConnect on the Nevada initiative which will help create new opportunities for these 10 Northern Ontario businesses. I am also thrilled that FedNor and NOHFC recognize the importance of providing new export opportunities for the mining supply and services sector in the region, thus helping to ensure their ongoing growth and sustainability.” Christy Marinig, Chair, Ontario’s North Economic Development Corporation (ONEDC)
After an open recruitment process followed by rigorous evaluation conducted over several weeks, MineConnect is pleased to announce the ten companies that have been selected to take part in the Nevada initiative. The successful companies for this initial round (listed below) will begin onboarding in September.
- Walden Equipment
- The Hurley Group
- Nordic Minesteel
- Jannatec Technologies
- Maestro Digital Mine
We will begin accepting applications for a second intake of companies beginning in March of 2022. Each company will have access to the shared facility located in Elko Nevada for a maximum of one year as a cost-effective platform to further their export opportunities.
“The Nevada Mining Industry has struggled for years to fill various gaps within its supply chain; we are thrilled to have top tier companies from a world class mining district establishing their US based operations right here locally where they can provide goods and services that have traditionally been difficult to procure,” added Sheldon Mudd, executive director of NNRDA. “We anticipate multiple benefits arising from this initiative. First, the Nevada Mining industry will be able to source goods and services from local suppliers rather than global providers who often do not have the United States best interest in mind. Next, it will create jobs and generate new tax revenue ensuring that more of our mining dollars remain in the Northeastern Nevada economic eco-system.”
The intent of the project, is for participating companies to take advantage of the benefits available through the incubator to then venture off on their own, allowing another stream of companies to be onboarded. The program, which is being undertaken in partnership with the Ministry of Energy, Northern Development and Mines Trade and Investment Unit, will support upwards of thirty companies over the course of the project.