Latest news with #PeterBethlenfalvy
Yahoo
04-06-2025
- Business
- Yahoo
Argyle Commends the Ontario Governments Critical Minerals Exploration and Developments Initiatives
Calgary, Alberta--(Newsfile Corp. - June 4, 2025) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce its strong support for the Ontario Government's recent initiatives to bolster critical mineral exploration and development within the province. The Ontario Government has unveiled a comprehensive strategy to enhance the province's position in the global critical minerals market. As the province navigates the fight against tariffs, recognizing that growing Canada's rich critical mineral landscape into immense economic opportunity is crucial. Key components of this strategy include: $500 Million Critical Minerals Processing Fund: Aimed at attracting and supporting mineral processing capacity in Ontario, ensuring that minerals mined in the province are also processed locally. Indigenous Economic Participation: A nearly $3.1 billion investment to support Indigenous partnerships in critical mineral development, including tripling the Indigenous Opportunities Financing Program to $3 billion and expanding eligibility to include mining and resource development projects. Streamlined Approvals: Introduction of the "One Project, One Process" model to halve the approval time for new mining projects, particularly in strategically important regions like the Ring of Fire. Premier Doug Ford emphasized the significance of these measures, stating, "This legislation sends a clear message: Ontario will lead-not follow-in securing the resources that power the future, defending our economic sovereignty, and building prosperity for generations to come." Peter Bethlenfalvy, Ontario's Minister of Finance, added, "By investing to unlock and process these minerals here in Ontario in partnership with Indigenous communities, we can make Ontario the top global hub of critical mineral development and protect our economy, workers and communities for decades to come." The Company commends the Ontario Government for its proactive approach to developing a robust critical minerals sector. The Company's Clay Howells project in Ontario align with the province's vision of a sustainable and integrated critical minerals supply chain. Figure 1: Clay Howells REE Property Location Map To view an enhanced version of this graphic, please visit: About Argyle Resources Resources Corp. is a junior mineral exploration company engaged in the business of acquiring, exploring, staking and evaluating natural resource properties in North America. In addition to the Saint Gabriel project, the Company currently holds an option to acquire up to 100% of the Frenchvale Graphite Property located in Nova Scotia, Canada and owns 100% interest in the Pilgrim Islands, Matapedia and Lac Comporté quartzite silica projects in Quebec, Canada. Argyle is engaged in a research partnership with the National Institute of Scientific Research (INRS), a high-level research and training institute funded by the Québec government to conduct exploration programs on the Company's silica projects. The Company was incorporated in 2023 and its head office is located in Calgary, Alberta, Canada. ON BEHALF OF THE BOARD OF DIRECTORS 'Jeffrey Stevens'President & CEO For all other inquiries:Email: info@ (825) 724-0033Website: Forward-Looking Statements All statements included in this press release that address activities, events or developments that Argyle expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements may involve, but are not limited to, statements with respect to the exploration and development of the Company's mineral properties and the use of proceeds from the Offering. These forward-looking statements involve numerous assumptions made by Argyle based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond Argyle's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, Argyle does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events. Neither the Canadian Securities Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release. To view the source version of this press release, please visit Sign in to access your portfolio
Bloomberg
02-06-2025
- Business
- Bloomberg
Ontario Finance Minister Says Tariffs are a 'Lose-Lose' Policy
Ontario Finance Minister Peter Bethlenfalvy speaks to Balance of Power about President Trump's tariff policy, including the recent increase in tariffs on steel and aluminum -- a key export from his province. Minister Bethlenfalvy also comments on Ontario's budget and deficit spending. (Source: Bloomberg)
Vancouver Sun
30-05-2025
- Business
- Vancouver Sun
Ontario MPPs to get raises after 16-year freeze and access to new pension plan
Ontario members of provincial parliament are getting big raises and access to a pension plan, under legislation introduced by Finance Minister Peter Bethlenfalvy and passed with the support of all parties at breakneck speed. Shortly after members sent the pay raise bill barrelling through the legislative process — it spent about 13 minutes from tabling to passage — representatives from all parties stood shoulder-to-shoulder outside the chamber in rare agreement. 'When we're looking for other candidates, qualified people, to actually direct the future of this province, for most of them, they have to take a huge pay cut to come here and give up, in many cases, pensions,' said NDP Opposition house leader John Vanthof. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'We're not going to build the future of this province by excluding the people who have the qualifications and have the knowledge to move us forward. So we're fully in support and I'd like to thank Premier (Doug) Ford and his government for, quite frankly, having the guts to do this.' The base pay for Ontario's elected officials has been frozen since 2009 at $116,550, and the changes would boost the salary to $157,350, which is 75 per cent of what federal MPs make. That will still be less than what city councillors in Toronto earn. Premier Doug Ford's salary would rise from about $209,000 to about $282,000 and cabinet ministers would see their pay increase from about $166,000 to about $224,000. The bill would also resurrect a pension plan for the members of provincial parliament, 30 years after the previous one was abolished by former premier Mike Harris' government. The new plan would see members enrolled in the existing Public Service Pension Plan, and they would then be entitled to supplemental benefits for MPPs who serve at least six years. Representatives of the Liberals, Greens and the lone Independent member also said it was time for the pay freeze to end. 'I want to thank the premier,' said Bobbi Ann Brady, who represents Haldimand-Norfolk as an Independent. 'I want to thank the minister and the government house leader for righting what I feel is almost a 16-year wrong,' she said. 'I continually talk about the spirit of co-operation amongst us all and I think today there is a nice spirit of co-operation here.' Bethlenfalvy said it is the right thing to do. 'I know that many people across the province work tirelessly each day to put food on the table and pay the rent,' he said. 'It's fair and reasonable. It'll be at 75 per cent of the federal compensation. It's still less than a Toronto city councillor will be paid or a Mississauga city councillor and we're going to work tirelessly each and every day, sometimes in different ways, to help all Ontarians.' Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
National Post
30-05-2025
- Business
- National Post
Ontario MPPs to get raises after 16-year freeze and access to new pension plan
Ontario members of provincial parliament are getting big raises and access to a pension plan, under legislation introduced by Finance Minister Peter Bethlenfalvy and passed with the support of all parties at breakneck speed. Article content Article content Shortly after members sent the pay raise bill barrelling through the legislative process — it spent about 13 minutes from tabling to passage — representatives from all parties stood shoulder-to-shoulder outside the chamber in rare agreement. Article content 'When we're looking for other candidates, qualified people, to actually direct the future of this province, for most of them, they have to take a huge pay cut to come here and give up, in many cases, pensions,' said NDP Opposition house leader John Vanthof. Article content Article content 'We're not going to build the future of this province by excluding the people who have the qualifications and have the knowledge to move us forward. So we're fully in support and I'd like to thank Premier (Doug) Ford and his government for, quite frankly, having the guts to do this.' Article content The base pay for Ontario's elected officials has been frozen since 2009 at $116,550, and the changes would boost the salary to $157,350, which is 75 per cent of what federal MPs make. That will still be less than what city councillors in Toronto earn. Premier Doug Ford's salary would rise from about $209,000 to about $282,000 and cabinet ministers would see their pay increase from about $166,000 to about $224,000. Article content The bill would also resurrect a pension plan for the members of provincial parliament, 30 years after the previous one was abolished by former premier Mike Harris' government. Article content Article content The new plan would see members enrolled in the existing Public Service Pension Plan, and they would then be entitled to supplemental benefits for MPPs who serve at least six years. Article content Article content Representatives of the Liberals, Greens and the lone Independent member also said it was time for the pay freeze to end. 'I want to thank the premier,' said Bobbi Ann Brady, who represents Haldimand-Norfolk as an Independent. Article content 'I want to thank the minister and the government house leader for righting what I feel is almost a 16-year wrong,' she said. 'I continually talk about the spirit of co-operation amongst us all and I think today there is a nice spirit of co-operation here.' Bethlenfalvy said it is the right thing to do. Article content 'I know that many people across the province work tirelessly each day to put food on the table and pay the rent,' he said. 'It's fair and reasonable. It'll be at 75 per cent of the federal compensation. It's still less than a Toronto city councillor will be paid or a Mississauga city councillor and we're going to work tirelessly each and every day, sometimes in different ways, to help all Ontarians.' Article content
Time of India
29-05-2025
- Business
- Time of India
Ontario MPPs to receive 35 percent salary increase and reinstated pension plan
Ontario's Members of Provincial Parliament (MPPs) are set to receive a significant salary increase and regain access to a pension plan, marking the end of a 16-year salary freeze. Finance Minister Peter Bethlenfalvy introduced legislation on May 29, 2025, proposing a 35 percent pay raise for MPPs, aligning their base salary with 75 percent of that of federal Members of Parliament (MPs). Salary adjustments Under the new legislation, the base salary for MPPs will increase from $116,550 to $157,350. Premier Doug Ford's salary will rise from approximately $208,974 to $282,129, while cabinet ministers will see their pay increase from about $165,851 to $223,909. The Leader of the Official Opposition will now be paid $244,207, up from $180,866. These changes are retroactive to the date of the 2025 Ontario election. Pension plan reinstatement The legislation also proposes the reinstatement of a pension plan for MPPs, which was abolished in 1995 by then-Premier Mike Harris. Under the new plan, MPPs will join the existing Ontario Public Service Pension Plan (PSPP) and will be eligible for supplemental benefits after serving at least six years. This move aims to attract qualified individuals to serve in the provincial legislature. Live Events Legislative support The proposed changes have received support from all parties in the legislature. NDP representative John Vanthof emphasized the importance of offering competitive compensation to attract qualified candidates, stating, "When we're looking for other candidates, qualified people to actually direct the future of this province, for most of them, they have to take a huge pay cut to come here.' The legislation is expected to add $6 million in payroll costs in the 2025-2026 fiscal year, representing 0.06 percent of the total compensation awarded to Ontario's public servants.
