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Ontario Powers the Path Forward: Northfield and Juno Welcome Historic Power Infrastructure for the Ring of Fire
Province's 230-Kilometre Greenstone Transmission Line a Priority Project 7,000 Jobs and 700 ...
About this update from Northfield Capital Corporation Class A
[{"type":"text","content":"Ontario Powers the Path Forward: Northfield and Juno Welcome Historic Power Infrastructure for the Ring of FireProvince's 230-Kilometre Greenstone Transmission Line a Priority Project7,000 Jobs and 700 Megawatts: Ontario Accelerates Ring of Fire Infrastructure TORONTO, ON / ACCESS Newswire / February 2, 2026 / Northfield Capital Corporation (TSX-V:NFD.A) (or \"Northfield\") and Juno Corp. (or \"Juno\") welcome the Ontario government's announcement that it has declared the Greenstone Transmission Line a priority project and designated Hydro One to develop and construct the critical infrastructure. This milestone announcement represents the next transformational step in developing the electrical infrastructure necessary to power responsible, sustainable development of the First Nation communities and Ontario's Ring of Fire mineral district.\"This announcement completes the trifecta of critical infrastructure required to unlock the Ring of Fire,\" said Robert D. Cudney, President & CEO of Northfield and CEO of Juno. \"With both the Webequie Supply Road and Marten Falls Community Access Road now advancing, and the Greenstone Transmission Line designated as a priority project, the essential infrastructure components - roads and power - are now moving forward in partnership with First Nations communities. The Province's goal of completing this project by 2032 demonstrates unprecedented momentum toward responsible development of one of the world's most significant critical mineral deposits.\"The proposed 230-kilometre transmission line will run from Nipigon Bay to near Aroland First Nation, which the Province has identified as the \"gateway to the Ring of Fire.\" The single-circuit 230-kilovolt line, designed to support a future second circuit, will add up to 700 megawatts of additional electrical capacity to Northern Ontarioand is estimated to be completed by 2032. The project is anticipated to create more than 7,000 jobs, with the Province and Hydro One committing to leverage Canadian and Ontario supply chains, with 93 per cent of project costs to date remaining in Canada.A central feature of the project is Ontario's commitment to Indigenous partnership through Hydro One's First Nations Equity Partnership Model, which will include First Nations leadership in decision-making and 50 per cent ownership of the transmission line. The ...