Business Bulletins News

IW Business Bulletin – January 7, 2022

SaskPower picks for Phase 1 project

SaskPower has chosen Regina’s Westridge Construction and Saskatoon’s Wright Construction Western the contract to build phase one of its new Logistics Warehouse Complex at the Global Transportation Hub.

The $100 million facility is part of SaskPower’s long-term strategy to centralize frontline operations into fewer locations. Phase one of the project includes facilities for fleet services, logistics and metering. Construction began in December 2021 and is expected to complete in early 2024. Phase 2, which includes facilities designed for transmission, distribution and safety, will be awarded in a second competition with plans for completion of construction in 2025.

Co.Labs opens Co.Launch applications

Saskatoon-based tech accelerator Co.Labs has opened applications for their next cohort. The 16-week program provides tech startups with workshops, market research assistance, networking and the potential for funding.

Applications are being accepted for Cohort 9 until January 25, 2022.

Mosaic adds to leadership team

On January 6, 2022, The Mosaic Company announced that “Jenny” Wang has been named SVP-Global Strategic Marketing, Head of China and India. Prior to her appointment to the role, Wang was the VP-Global Strategic Marketing and joined Mosaic in 2011.

“Jenny’s expertise in the global agriculture market has played a key role in Mosaic’s strategy for the past 10 years,” said Joc O’Rourke, Mosaic president and CEO. “Her leadership will be critical to Mosaic’s global positioning as the industry continues to evolve and we expand our distribution business in China and India.”

Building permits up

The Government of Saskatchewan reported on January 5, 2022 that November 2021 building permits reached $191 million in value, jumping by 57.0 per cent from November 2020 to November 2021. As well, permits increased by 49.5 per cent from October 2021 to November 2021, where the national month over month increase was 6.8 per cent.

Foran Mining appoints new COO

Foran Mining Corporation has appointed David Bernier as the company’s chief operating officer. Bernier joined the company in 2021 as a director. Foran plans to the first carbon neutral copper mine in Canada, located in the traditional of the Peter Ballantyne Cree Nation near Flin Flon.

“When it comes to mining, the most important natural resource is people, and Dave is truly an exceptional person. Since joining Foran as Project Director in April 2021, Dave has been instrumental in advancing the McIlvenna Bay project. With extensive polymetallic (base and precious) asset-level experience ranging from permitting to mine construction and production, Dave is the perfect leader to build this world-class mine and mining camp, and to advance Foran as a company. Dave possesses an inspiring work ethic and has an incredible amount of common sense. His inherent passion for success and his prioritization of people at the forefront of all planning and decision-making are unique and invaluable attributes. We are very fortunate to have Dave Bernier as our COO,” said Dan Myerson, Foran’s executive chairman and CEO.

Sassy Resources acquires Key Lake region project

Vancouver B.C.-based Sassy Resources Corporation has signed a letter to acquire up to 100 per cent of Forum Energy Metals Corp.’s Highrock Uranium project near the former Cameco Key Lake mine in the Athabasca Basin.

“The drill-ready Highrock Project is a potential high impact exploration play that gives Sassy shareholders exposure to a dynamic sector benefiting from the global energy transition driving significant new investment in nuclear demand. This strategic initial foray into uranium makes Sassy the only junior resource company with exploration assets covering Northwest B.C.’s Eskay Camp (home of our flagship Foremore Project), Saskatchewan’s Athabasca Basin, and the Central Newfoundland Gold Belt – three world class investor-friendly mining districts that provide a rock-solid foundation for Sassy’s immediate and longer-term success,” said Mark Scott, Sassy’s president and CEO.

Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal, base metal and uranium projects, currently working on projects in northwestern B.C., Newfoundland, and northern Saskatchewan.

Saskatchewan leads job growth

Statistics Canada’s December 2021 job numbers released today show Saskatchewan’s month-over-month employment was up by 1.1 per cent (6,000 jobs) from November 2021. This was the highest growth posted among the provinces.

The province’s unemployment rate sat at 5.4 per cent in December 2021 , down from 8.0 per cent in December 2020 and lower than the 5.9 per cent national average.

Get the week’s business highlights every Friday free with the IW Business Bulletin.

Have a story for the IW Business Bulletin? Email us at


Nutrien CEO Mayo Schmidt resigns, interim CEO named