logo
Colchester selects design for pedestrian bridge at Fundy Discovery Site

Colchester selects design for pedestrian bridge at Fundy Discovery Site

CBCa day ago
A historic route across the Salmon River in Colchester County is being restored with the addition of a multi-million dollar pedestrian bridge at the Fundy Discovery Site, which is part of the Cliffs of Fundy UNESCO Global Geopark.
A decade ago, the Municipality of Colchester acquired the former motel property in Lower Truro. Since then, amenities such as a playground and an amphitheatre have been built. A tidal bore viewing platform is also under construction this summer.
Colchester Mayor Christine Blair said there have long been plans for a bridge across the river, but two previous tenders were over the $11-million budget. The suspension bridge design yielded price tags between $17.5 million and $27 million.
To lower costs, the municipality instead pursued a design-build tender and received federal approval for pier installation in the river.
On June 25, council voted seven to five to pursue a $7.9-million, three-pier, wooden bridge with a curved design. The municipality will be responsible for just over a quarter of project costs with funding for the remainder secured from the federal government.
"I've had people stopping me in the grocery store ... saying what a great looking bridge this will be," Blair said in an interview.
"Now it'll probably take a couple of years to get it in, but you know, it's going to be there and I think it will be great for the walkers and the bikers and so on."
The submission by builder WRD & TRS estimates construction will be completed as early as January 2027.
When it opens, it will reinstate pedestrian crossing at the location.
According to a staff report, a bridge was established in the 1850s linking Onslow to Lower Truro. The crossing was removed after the construction of Highway 102 in 1970.
Even after years of consideration, not all taxpayers agree with the plan to spend millions on a pedestrian bridge.
"There's people on both sides of the fence or both sides of the bridge," Coun. Laurie Sandeson, who represents Lower Truro where the Fundy Discovery Site is located, said ahead of the council decision.
"And some really want it and some know that we need our roads fixed. We need housing to be a priority."
Blair said the pedestrian bridge, which will be closed to motorized vehicles, will advance active transportation in the municipality by connecting Onslow to the Cobequid Trail. She said the infrastructure in view of Highway 102 will also be a valuable tourist attraction.
"It's very important for our Cliffs of Fundy UNESCO Global Geopark, for tourism, for economic development," she said.
WATCH | Atlantic Canada sites could lose status as UNESCO Geoparks:
2 Canadian geoparks could lose UNESCO designation
1 month ago
Duration 2:13
Two of five places in Canada deemed UNESCO Global Geoparks are at risk of losing the prestigious designation if steps aren't taken to improve the sites with better signage and overall infrastructure.
The bridge plans come as the UNESCO Global Geopark evaluators are expected to assess the Cliffs of Fundy sites this month. The geopark, which stretches along the coast in Cumberland and Colchester counties, was first designated in 2020, but received a yellow rating in its most recent evaluation.
In response to recommendations, both county governments have committed to annual funding for the geopark through to 2028. A new website was launched last fall, promotional material was created and trilingual interpretive panels are being installed in preparation for the evaluation.
"We're hoping that the improvements that we have made will be nice for them to see and to recognize that we have taken the recommendations seriously and have followed through," said Blair.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing
Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing

Globe and Mail

time38 minutes ago

  • Globe and Mail

Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing

Silver Storm Mining Ltd. (' Silver Storm ' or the " Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that it has closed the second and final tranche (the ' Final Tranche ') of its previously announced non-brokered private placement (the ' Offering ') for total gross proceeds of $129,650.04 from the sale of 997,308 units of the Company (each, a ' Unit ') at a price of $0.13 per Unit (the ' Offering Price '). Together with the first tranche of the Offering, the Company sold a total of 30,800,000 Units at the Offering Price for aggregate gross proceeds of C$4,004,000. The Offering was originally announced on June 23, 2025, and subsequently updated on June 27, 2025, and July 2, 2025. Each Unit consists of one common share of the Company (each, a ' Unit Share ') and one common share purchase warrant (each a ' Warrant '). Each Warrant entitles the holder to purchase one common share (each, a ' Warrant Share ') at a price of $0.20 at any time on or before that date which is thirty-six (36) months from the date of issuance. The Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (' NI 45-106 ') and in reliance on the Coordinated Blanker Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '). The Unit Shares and Warrant Shares underlying the Units are not subject to any hold period under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units sold under the Offering to offshore and purchasers in the United States were sold in accordance with OSC Rule 72-503 - Distributions Outside Canada (' OSC Rule 72-503 '). The Units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '). The Company intends to use the net proceeds from the Offering for: (i) the procurement of mine processing flotation cells; (ii) to commence rehabilitation work of the La Parrilla processing facility including equipment purchase and refurbishment, labour and supplies; (iii) to order long lead items including deposits on mining equipment and ventilation fans; (iv) to fund ongoing operations for the next twelve months; and (v) for general corporate and working capital purposes, all as further detailed in the amended and restated offering document related to the Offering dated June 27, 2025 that can be accessed under the Company's profile at and on the Company's website at The Offering remains subject to the final approval of the TSX Venture Exchange (the ' TSXV '). This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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. About Silver Storm Mining Ltd. Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. In 2023 Silver Storm acquired 100% of the La Parrilla Silver Mine Complex, a prolific past producing operation comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward Looking Statements: Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to: the intended use of proceeds of the Offering, final TSXV approval of the Offering, the Company's plans and expectations for La Parrilla, and the ability to eventually place the La Parrilla Complex back into production. In making the forward-looking statements included in this news release, the Company have applied several material assumptions, that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to La Parrilla, the decision to potentially place La Parrilla into production, other production related decisions or to otherwise carry out mining and processing operations, being largely based on internal non-public Company data and reports from previous operations and not based on NI 43-101 compliant reserve estimates, preliminary economic assessments, pre-feasibility or feasibility studies, resulting in higher risks than would be the case if a feasibility study were completed and relied upon to make a production decision. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Such forward-looking information represents managements best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex
La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex

Globe and Mail

timean hour ago

  • Globe and Mail

La Caisse and Fondaction invest $250 million by way of a subordinated loan to Boralex

MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Boralex Inc. (TSX: BLX) ('Boralex' or the 'Company') announces the closing of an additional corporate financing of $250 million by way of an unsecured subordinated loan with a term of 8 years. The investment is made by La Caisse (formerly CDPQ), which is providing an amount of $200 million, to which is added a $50 million investment by a new partner, Fondaction. Financial Highlights 'This new corporate financing is in line with the execution of our 2030 Strategy, announced on June 17, and allows us to mobilize resources immediately for the financing of our projects,' noted Bruno Guilmette, Executive Vice President and Chief Financial Officer of Boralex. 'We are thereby strengthening our ability to support our growth activities, by further diversifying our sources of financing, while maintaining our financial rigor. We would like to thank La Caisse and Fondaction for their confidence in our long-term strategy.' 'As a major shareholder since 2017, La Caisse supports Boralex, an independent Canadian leader in renewable energy production, in the development of a diversified portfolio of high-quality projects,' said Jérôme Marquis, Managing Director and Head of Private Credit at La Caisse. 'By doubling our existing debt financing with this transaction, we reaffirm our confidence in Boralex's execution capacity and continued growth, both in Québec and internationally.' La Caisse recently announced its 2025-2030 climate strategy aimed at accelerating the decarbonization of businesses and increasing its investments related to the energy transition, in order to reach $400 billion in investments in climate action by 2030. 'This impact investment in Boralex supports the development of clean energy infrastructure with tangible and measurable environmental benefits. It reflects Fondaction's commitment to a sustainable economic transformation, aligned with our strategic objectives—both in the fight against climate change and in generating meaningful socioeconomic benefits for Québec,' said Claire Bisson, Vice President and Chief Investment Officer, Fondaction. Desjardins Capital Markets acted as financial advisor to Boralex. Caution Regarding Forward-Looking Statements Some of the statements contained in this press release are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance, or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes. About Boralex At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. For more information, visit or Follow us on Facebook and LinkedIn. About La Caisse At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. About Fondaction A forerunner for almost 30 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Québec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Québec progress. It manages more than $4B in net assets, as at May 31, 2025, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. For more information LA CAISSE MEDIA Marjaurie Côté-Boileau Director, Media Relations La Caisse 514 847-5493 medias@ FONDACTION MEDIA Marie-Christine Fiset Senior Advisor, Communications and Public Relations Fondaction 514 525-5505, poste 1030

Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing
Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing

National Post

timean hour ago

  • National Post

Silver Storm Closes Final Tranche of $4.0 Million Non-Brokered LIFE Financing

Article content TORONTO — Silver Storm Mining Ltd. (' Silver Storm ' or the ' Company ') (TSX.V: SVRS | FSE: SVR), is pleased to announce that it has closed the second and final tranche (the ' Final Tranche ') of its previously announced non-brokered private placement (the ' Offering ') for total gross proceeds of $129,650.04 from the sale of 997,308 units of the Company (each, a ' Unit ') at a price of $0.13 per Unit (the ' Offering Price '). Together with the first tranche of the Offering, the Company sold a total of 30,800,000 Units at the Offering Price for aggregate gross proceeds of C$4,004,000. The Offering was originally announced on June 23, 2025, and subsequently updated on June 27, 2025, and July 2, 2025. Article content Each Unit consists of one common share of the Company (each, a ' Unit Share ') and one common share purchase warrant (each a ' Warrant '). Each Warrant entitles the holder to purchase one common share (each, a ' Warrant Share ') at a price of $0.20 at any time on or before that date which is thirty-six (36) months from the date of issuance. Article content The Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (' NI 45-106 ') and in reliance on the Coordinated Blanker Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '). The Unit Shares and Warrant Shares underlying the Units are not subject to any hold period under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units sold under the Offering to offshore and purchasers in the United States were sold in accordance with OSC Rule 72-503 – Distributions Outside Canada (' OSC Rule 72-503 '). The Units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '). Article content The Company intends to use the net proceeds from the Offering for: (i) the procurement of mine processing flotation cells; (ii) to commence rehabilitation work of the La Parrilla processing facility including equipment purchase and refurbishment, labour and supplies; (iii) to order long lead items including deposits on mining equipment and ventilation fans; (iv) to fund ongoing operations for the next twelve months; and (v) for general corporate and working capital purposes, all as further detailed in the amended and restated offering document related to the Offering dated June 27, 2025 that can be accessed under the Company's profile at and on the Company's website at Article content The Offering remains subject to the final approval of the TSX Venture Exchange (the ' TSXV '). Article content This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 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. Article content About Silver Storm Mining Ltd. Article content Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. In 2023 Silver Storm acquired 100% of the La Parrilla Silver Mine Complex, a prolific past producing operation comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at Article content Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Article content Cautionary Note Regarding Forward Looking Statements: Article content Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to: the intended use of proceeds of the Offering, final TSXV approval of the Offering, the Company's plans and expectations for La Parrilla, and the ability to eventually place the La Parrilla Complex back into production. Article content In making the forward-looking statements included in this news release, the Company have applied several material assumptions, that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to La Parrilla, the decision to potentially place La Parrilla into production, other production related decisions or to otherwise carry out mining and processing operations, being largely based on internal non-public Company data and reports from previous operations and not based on NI 43-101 compliant reserve estimates, preliminary economic assessments, pre-feasibility or feasibility studies, resulting in higher risks than would be the case if a feasibility study were completed and relied upon to make a production decision. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Article content Such forward-looking information represents managements best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Article content Article content Article content Article content Article content Article content

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store