Canada support Samonix’s pre-startup phase

eAwazLocal News

Quebec – Supporting inclusive growth and business diversification contributes to economic development in Quebec’s regions. That is why Sophie Chatel, Member of Parliament for Pontiac, today announced, on behalf of Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, a repayable contribution of $99,998 for Samonix Inc. This CED assistance, provided under the new tailored funding approach for Quebec’s economically vulnerable regional county municipalities (RCMs), will enable the business to conduct preliminary studies in support of its pre‑startup phase.

Founded in 2020, Samonix aims to specialize in the land-based aquaculture of Atlantic salmon. Since 2022, the business has been in possession of land in Litchfield to be used for a land-based aquaculture plant along the shores of the Ottawa River. This facility will provide a yearly supply of fresh salmon for major markets in Quebec and Ontario, with the potential for exports to the U.S.

CED’s support will focus on the fees of external professionals and enable the business to mobilize various stakeholders to support the pre-startup of its plant. In addition, to help implement this project, Samonix established a strategic partnership in December 2023 with Norwegian and Swiss stakeholders who will contribute the appropriate experience and expertise.

The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy. Since Quebec’s regions do not all have the same assets or face the same challenges, this must be taken into account when supporting their economic development.

“Our government has a mission to guide the country’s businesses and regions into tomorrow’s economy. That is why CED is going further in its approach by paying particular attention to the most economically vulnerable RCMs in Quebec. Thanks to CED’s support, Samonix will be able to conduct the necessary studies to establish a cutting-edge facility dedicated to the responsible cultivation of Atlantic salmon. This type of aquaculture activity makes it possible to farm salmon without endangering our fragile oceans and ecosystems.” – Soraya Martinez Ferrada, MP for Hochelaga, Minister of Tourism and Minister responsible for CED