FINWIRES · TerminalLIVE
FINWIRES

Canadian National Railway Reports Opening of C$750 Million CANXPORT Logistics Hub

By

Canadian National Railway (CNR.TO) reported the opening of the C$750 million CANXPORT logistics hub within the Port of Prince Rupert on British Columbia's Pacific coast.

Canadian National's investments in CANXPORT include expanding the Zanardi Rapids Bridge, increasing the rail corridor capacity and enhancing the port's intermodal ecosystem, the Prince Rupert Port Authority said Friday.

CANXPORT is operated by Ray-Mont Logistics and supported by a C$150 million loan from the Canada Infrastructure Bank, C$50 million in funding from Transport Canada's National Trade Corridors Fund, and C$25 million from the Stronger BC program.

CANXPORT is part of a C$3 billion expansion at the Port of Prince Rupert.

Canadian National's shares were last seen down C$0.33 to C$174.82 on the Toronto Stock Exchange.

Price: $174.88, Change: $-0.27, Percent Change: -0.15%

Related Articles

Mining & Metals

McEwen Mining's Copper Unit Secures $240 Million Loan to Advance Los Azules Project

McEwen Mining (MUX.TO. MUX) after trade Thursday said its McEwen Copper unit secured a $240-million senior secured loan with a four-year term from a group of lenders.The funding includes $112 million from Sprott Natural Resource Investment Partners, $85 million from Rob McEwen, and $43 million from other lenders, according to the statement.The company said the proceeds will fund engineering and early work on the Los Azules copper project in San Juan, Argentina, as well as general corporate needs.A final investment decision and full project financing are expected in mid-2027, with commercial copper production targeted for 2030, subject to financing and approvals, the company said, adding that McEwen Copper is also preparing for a potential initial public offering.The term loan carries 12% annual interest, paid monthly, with the principal due at maturity. Lenders also received 15,000 five-year warrants for every $1 million borrowed, with an exercise price of $40 per share, the company said.

$MUX$MUX.TO
Mining & Metals

Inventronics Q2 Net Earnings Stay Flat

Inventronics (IVX.V) said Thursday after trade that second-quarter net earnings were relatively flat, edging down slightly to C$0.027 per share, from C$0.028 per share, in the prior year period.The company said revenue rose slightly, to C$2.3 million from C$2.2 million, over the same period.Inventronics shares last traded on Aug. 19, closing unchanged at C$0.75 per share.

$IVX.V
Mining & Metals

Replenish Nutrients Q2 Loss Unchanged Year Over Year

Replenish Nutrients Holding (ERTH.CN) after the close on Thursday reported a loss of C$0.01 per share, matching the prior-year period.Revenue for the quarter ended on June 30 fell to C$978,300 from C$1.47 million in the same period last year.

$ERTH.CN
Canadian National Railway Reports Opening of C$750 Million CANXPORT Logistics Hub | FINWIRES