Conifex Receives Regional Tariff Response Funding

(TSX:CFF) Conifex Timber Inc. announced that it has secured up to $11 million in funding from the Government of Canada, through Pacific Economic Development Canada, under the Regional Tariff Response Initiative (RTRI) to support modernization and operational improvements at Conifex's Mackenzie sawmill. The funding package consists of a repayable contribution of up to $10 million and a non-repayable contribution of up to $1 million. The combined contributions are intended to support Conifex's broader modernization program for the Mackenzie sawmill. The modernization program includes investments in equipment, infrastructure, and related improvements. These investments are intended to enhance the mill's productivity, operational efficiency, and competitiveness. Conifex's primary business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing and distribution. The company's lumber products are sold in the United States, Canadian, and Japanese markets. Conifex also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Spencer Bell is the Chief Financial Officer of Conifex Timber Inc. The company stated that the availability of the RTRI funding and the purposes for which it may be used are subject to certain terms and conditions. Conifex expects that the modernization program, supported by the RTRI funding, will deliver improvements to the productivity, operational efficiency, and competitiveness of the Mackenzie sawmill and support its long-term sustainable operation. The company noted that there are risks that Conifex may not receive all or any portion of the RTRI funding, may not obtain all expected benefits from the RTRI funding or the modernization program, or that the funding may not be sufficient to complete the modernization program. There is also a risk that the modernization program may be delayed or cost more than anticipated, and that lumber market conditions may not improve.

Conifex Announces Second Quarter 2026 Results Conference Call and Provides Corporate Update

(TSX: CFF) Conifex Timber Inc. announced that it plans to release its second quarter 2026 results before market open on Friday, August 14, 2026. The company has scheduled a conference call at 9:00 AM Pacific time / 12:00 PM Eastern time on August 14, 2026, to discuss its financial results. Conifex has secured additional bridge funding from its existing lumber business lender while continuing to progress funding opportunities from government financing initiatives. The restart of Conifex's Mackenzie operations has taken longer than previously anticipated, due to additional time required to advance government financing processes and the transition of its log harvesting program. Conifex's lumber products are sold in the United States, Canadian and Japanese markets, and it produces bioenergy at its power generation facility at Mackenzie, B.C. The company continues to assess the optimal timing and plan for the restart of its sawmill, planer and power operations. There can be no guarantee that additional financing from government initiatives will be available to Conifex on reasonable terms, or at all.

Conifex Announces First Quarter 2026 Results

Conifex Announces First Quarter 2026 Results Conference Call and Provides Operational Update

Conifex Timber Inc. (TSX: CFF) announced it will release its first quarter 2026 results before market open on May 15, 2026, and will hold a conference call at 9:00 AM Pacific time the same day. The company also disclosed a temporary curtailment of sawmill operations at its Mackenzie, British Columbia facility for approximately seven weeks starting May 19, 2026, with a target restart in July 2026. This curtailment is expected to impact supply by approximately 25 million board feet. Logging operations are expected to resume in early June, subject to weather conditions. Conifex continues to advance initiatives to broaden its available financing options.