GreenFirst Encouraged by Progress Toward Near-Term Stability for Kap Paper and the Regional Forestry Sector

GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) welcomes encouraging signs of progress as the Government of Canada and the Province of Ontario work toward a path forward to support near-term stability for Kap Paper Inc. and the broader forestry sector in Northeastern Ontario.

Kap Paper has publicly shared that discussions with both levels of government are progressing well and that a restart plan is being developed. While details are still being finalized, the positive momentum provides hope for workers, contractors, and communities across the region.

With this encouraging progress, GreenFirst is preparing to resume operations at its Kapuskasing, Hearst and Cochrane mills during the week of October 6, helping to protect jobs and maintain critical supply chain connections while partners continue working toward a long-term solution.

“We thank both the Government of Canada and the Province of Ontario for their constructive engagement and support for the forestry sector,” said Joël Fournier, GreenFirst’s CEO. 

GreenFirst Encouraged by Progress Toward Near-Term Stability for Kap Paper and the Regional Forestry Sector – GreenFirst