MRO Magazine

Drillco Mining and Exploration, MinCon Canada Drilling Products Inc. and Wagg’s Petroleum Equipment Ltd. are receiving $560,000 from Ontario government to develop innovative technology, purchase new equipment and expand operations in North Bay.

“Our government is honoured to support Nipissing’s mining and manufacturing sector, which continues to create good jobs for our area,” said MPP Vic Fedeli. “As we continue to navigate the COVID pandemic, it is important to highlight Northern Ontario as a strong and competitive region to attract new business investments.”

This investment will create 13 jobs and the funding is being delivered through the Northern Ontario Heritage Fund Corporation:

  • Drillco Mining and Exploration is receiving $243,280 to build a prototype of a clean-tech, ultra-deep surface drill capable of drilling diamond core drill holes to depths of up to 3,000 metres.
  • MinCon Canada Drilling Products Inc. is receiving $199,247 to purchase new equipment to expand its facility and improve shop productivity.
  • Wagg’s Petroleum Equipment Ltd. is receiving $120,413 to build an addition to its facility in North Bay.

“Supporting local businesses as they expand and innovate will help create jobs, keep the north competitive and attract new investment,” said Greg Rickford, Minister, Energy, Northern Development and Mines. “These investments are helping businesses thrive, leading to economic diversification and providing real opportunities for northerners.”



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