Stornoway Diamond
Minerals & Mining · Canada · 501-1,000 Employees
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Overview
Headquarters
1111 St-charles Ouest Tour Ouest Ste 400...Phone Number
(450) 616-5555Website
www.stornowaydiamonds.comRevenue
$232.6 MillionStock Symbol
SWYIndustry
About Stornoway Diamond
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Stornoway Diamond News & Media
Court Approves Option to Acquire the Renard Mine Site
VANCOUVER, British Columbia, July 14, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX: LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce, further to the Company’s news release dated June 24, 2026, that the Superior Court of Québec (the “Court”) has approved the binding call option agreement dated June 23, 2026 (the “Option Agreement”) with Stornoway Diamonds (Canada) Inc. (“Stornoway”), 11272420 Canada Inc. (“1127 Canada”) and Deloitte RestructurinLIFT Enters into Binding Call Option Agreement for the Acquisition of the Renard Mine Site
VANCOUVER, British Columbia, June 24, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (ASX: LFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce that it has entered into a binding call option agreement dated June 23, 2026 (the “Option Agreement”) with Stornoway Diamonds (Canada) Inc. (“Stornoway”), 11272420 Canada Inc. (“1127 Canada”) and Deloitte Restructuring Inc. (the “Monitor”), in its capacity as monitor in the CCAA Proceedings (as defined below) pursRestructure of the Renard Option
Highlights Reduction of initial payment upon exercise of the option from C$15 million to C$1 million. The balance of the Renard consideration payment delayed until 2026 and 2027. Renard Option restructure preserves shareholder value by deferring material payments by 12 months and...Stornoway Diamonds to lay off 425 workers as operations halt at Quebec mine
MONTREAL — Stornoway Diamonds Inc. says it is suspending operations at its Renard mine in northern Quebec. The Montreal-based diamond company says 75 of the 500 workers will stay on board to maintain the mine's assets and facilitate a return to normal operations. That leaves some 425 workers temporarily laid off from the mine, which sits about 700 kilometres north of Quebec City as the crow flies. The 37-year-old company attributes the shutdown to growing
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Frequently Asked Questions Regarding Stornoway Diamond
Founded in 1986, Stornoway Diamond engages in the mining, acquisition, and exploration of diamond properties. The company is headquartered in Longueuil, Quebec, Canada.... Read More