Business Opportunites

    • Key Available Sites
      Vacant industrial lands/prime redevelopment sites are available, ranging from small industrial lots to a 635 acre site.
    • Emerging Sector Opportunities
      The region is an important forestry hub, but there are emerging opportunities in biomass and other renewable energy.

    Available Natural Resources


    The region is an important forestry hub and is home to three major sawmills in Hearst and Kapuskasing.

    Ontario’s forests are divided into forest management units. Our region has access to two units: the Gordon Cosens Forest and the Hearst Forest, which combined represent more than 2.7 million hectares of productive forests¹. The forests are managed by Ontario Sustainable Forest License (SFL) holders, who act as stewards of the forest and monitor and report on forest operations and operational standards in their licence area. The SFL holder for the Gordon Cosens Forest is Tembec Industries and the Hearst Forest Management Inc. – a partnership of Tembec Industries and Lecours Lumber – manages the Hearst Forest.

    The Hearst Forest encompasses over 1,200,000 hectares of land centred on the Town of Hearst. The Gordon Cosens Forest covers a total area of 2,005,305 hectares and the predominant tree species is black spruce, however, 16 other forest types can also be found. Biomass opportunities are also present.


    The region is located within the boundaries of the Timmins Resident Geologist District (see map). Mining activity in the district in 2009 included: 5 gold mines, 4 base metal mines, 1 diamond mine and 2 industrial mineral mines. The 5 gold mines collectively produced over 449,000 ounces of gold from 4 380 759 tonnes of ore². A phosphate mine is currently operated by Agrium in Kapuskasing.

    An Industrial Mineral Feasibility Study – Phase 1 report was recently completed. This study is part of the Kapuskasing Regional Industrial Minerals Project (KRIMP) and Phase 1 involved an analysis of the type of industrial minerals the region has to offer and examined the market potential for the products. The Phase 1 report identified opportunities for Clay, Slate, Soapstone and Silica and recommended nine projects to go ahead. This report can be obtained from the Economic Development Officers in Val Rita-Harty or Opasatika (please see their contact information in Section 4.1). Phase 2 was originally intended to identify potential markets opportunities but it may now involve mostly technical work and flyover pictures, which might help in identifying potential rare metals sites.

    ¹ Gordon Cosens Forest 2010-2012 Contingency Plan; 2007-2017 Forest Management Plan for Hearst Forest.
    ² 2010. Government of Ontario. Ontario Geological Survey Regional Resident Geologist Program (Timmins District).