Greenfirst Forest upbeat in talks with feds, province

Executive Summary

• Greenfirst Forest Products reports encouraging progress in government discussions aimed at stabilizing Kap Paper Inc. and the broader Northeastern Ontario forestry sector.
• The company plans to resume milling operations at its Kapuskasing, Hearst, and Cochrane facilities during the week of Oct. 6, 2026, pending finalization of a restart plan.
• Management expresses confidence that these developments will help protect jobs, maintain supply‑chain links, and support a long‑term solution for the regional forest economy.

Key Details

• The Government of Canada and the Province of Ontario are actively engaged with Kap Paper Inc. to develop a near‑term restart plan; details remain under negotiation.
• Greenfirst intends to restart sawmill operations at three locations (Kapuskasing, Hearst, Cochrane) in early October 2026, contingent on final agreement outcomes.
• Restart aims to protect employment for workers and contractors across the region and preserve critical supply‑chain connections.
• CEO Joel Fournier highlighted the importance of constructive government engagement for sustaining jobs and strengthening communities.
• Greenfirst will continue monitoring discussions, staying closely engaged with Kap Paper, municipal leaders, and both levels of government as plans evolve.

Notable Quotes

“We thank both the government of Canada and the Province of Ontario for their constructive engagement and support for the forestry sector… While important details are still being worked out, these positive developments give us the confidence to prepare for a restart of our sawmill operations.” – Joel Fournier, CEO, Greenfirst Forest Products Inc.