North Bay’s Drillco will use $750,000 in federal funding to develop the first clean-tech modular drilling system available to the mining industry.
The funding was announced on May 17 by Nipissing-Timiskaming MP Anthony Rota.
The money will be used to manufacture five demonstration units to be sold and tested in real-world mining environments.
Once complete and fully commercialized, the clean-tech modular drilling system will help mining firms improve operational efficiency and achieve greater environmental sustainability.
“This exciting initiative will allow us to capitalize on an immediate opportunity to create the first clean-tech modular drilling system available for use in the mining industry,” said Sylvain Brisson, Drillco’s president and founder, in a news release.
“We are pleased to partner with FedNor to develop this new technology and we look forward to the results it will achieve for our clients and the positive impact it will deliver for the health of companies and the environment.”
Drillco’s proprietary drill platform allows companies to perform drill work on the industry’s three standard platforms: surface, underground, and fly-in.