Fonds de solidarité FTQ

Fonds de solidarité FTQ is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Quebec. Established in 1983, the firm specializes in investing in small and medium-sized businesses across various sectors, including natural resources, aerospace, agri-food, life sciences, and culture. It primarily focuses on projects that require funding of $3 million or more and provides loans up to $2 million. The firm actively seeks investment opportunities in Quebec, particularly in regions such as Abitibi-Témiscamingue and Montérégie. Fonds de solidarité FTQ invests in a range of activities, including business succession, financial restructuring, and market development, while avoiding sectors like retail, real estate, and biotechnology. It typically engages in equity financing and unsecured debt with investment horizons ranging from five to ten years. The firm aims to support projects that positively impact the Quebec economy and often takes either minority or majority stakes in its portfolio companies.

Janie Béïque

President and CEO

Alain Denis

Senior Vice President, Innovation

Patrice Jolivet

Vice President, Investments - Agri-Food and Health

Martin Latreille

Investment Director of IT and Telecom

Dany Sarazin-Sullivan

Investment Manager

Past deals in Mining

Groupe Roxboro Bauval

Debt Financing in 2022
Groupe Roxboro Bauval provides construction and quarrying industries.

GCM Consultants

Private Equity Round in 2022
GCM Consultants has delivered, for over 25 years, high-performance engineering services through inspired resources who hail from industry. We execute capital projects between $0 and 200 M – studies, preliminary and detailed engineering, project and construction management. We offer technical services to our clients in the following industrial sectors: • Oil and gas production • Refining • Petrochemical • Mining and metallurgy • Pharma, Biotech and Food • Building and Data Center

Troilus Gold

Post in 2021
Troilus Gold is a Canadian based development stage resource company focused on the potential restart and mineral expansion of the former producing Troilus gold and copper mine, located within the Frotêt-Evans Greenstone Belt in Quebec.

AtkinsRéalis

Post in 2020
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's approximately 40,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. SNC-Lavalin maintains exceptionally high standards for health and safety, ethics and compliance and environmental protection, and is committed to delivering quality projects on budget and on schedule to the complete satisfaction of its clients.

Amex Exploration

Post in 2019
Amex Exploration Inc. is a junior mining exploration company listed of the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

Harfang Exploration

Post in 2019
Harfang Exploration Inc is a Canadian mining exploration company focused on discovering gold districts primarily in Quebec. The company is engaged in the acquisition and exploration of mineral properties, with a significant emphasis on gold and lithium. Its main projects include the Lac Menarik gold property in the James Bay region, which is noted for being underexplored, as well as other properties such as Menarik East, Serpent, Lake Fagnant, Lake Aulneau, and Lake Tapiatic. Harfang's strategy involves developing mining projects and establishing partnerships with other exploration and mining firms to enhance its exploration efforts in these resource-rich areas.

Stelmine Canada

Post in 2019
Stelmine Canada is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mining properties in Quebec. The company's asset portfolio includes several properties, such as the Courcy, Mercator, Joubert, Nouvelles, Ilnu, and Trieste properties. Stelmine is actively planning the establishment of a new gold mining camp in the eastern part of the Opinaca metasedimentary basin, indicating its commitment to advancing mineral resources in the region.

MAS Chibougamau Inc

Venture Round in 2019
Founded in Chibougamau in February 1962, M.A.S. Chibougamau Inc. is a local company specializing in the wholesale and retail distribution of industrial products and services for the mining, forestry and heavy industrial sectors as well as for the automotive sector. It also offers repair and engineering services through its major business partners.

Golden Valley Mines

Post in 2018
Golden Valley Mines Ltd. is a Canadian company focused on identifying, acquiring, and developing mineral exploration and evaluation projects. The company primarily explores for a variety of minerals, including gold, copper, zinc, silver, cobalt, molybdenum, nickel, and platinum group metals. It holds 16 exploration properties located in key mining regions such as the Abitibi Greenstone Belt, the James Bay, Mistassini, and Otish regions of northern Quebec, as well as the Nunavik region and the Athabasca Basin in Saskatchewan. Golden Valley Mines typically conducts initial exploration on grassroots targets in which it holds a 100% interest, after which it seeks partners to fund further exploration. This strategy allows the company to maintain its generative programs while pursuing systematic exploration at other majority-owned projects. Established in 2000, Golden Valley Mines is headquartered in Val-d'Or, Canada.

Kintavar Exploration

Post in 2018
Kintavar Exploration Inc. is a natural resource corporation focused on the exploration and development of gold and base metal properties in Canada, particularly in Quebec. The company's flagship project is the Mitchi copper property, spanning approximately 30,000 hectares in the Grenville geological province. In addition to Mitchi, Kintavar holds interests in the Anik gold property, which consists of 120 claims covering 6,700 hectares southeast of Chapais, and the Riviere à l’aigle project, comprising 161 claims over 9,026 hectares in the Chapais-Chibougamau region. The company aims to identify and acquire underexplored properties in geologically favorable areas, primarily focusing on the Abitibi gold district and the Grenville geological province. Kintavar Exploration is headquartered in Boucherville, Canada.

Stelmine Canada

Post in 2018
Stelmine Canada is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mining properties in Quebec. The company's asset portfolio includes several properties, such as the Courcy, Mercator, Joubert, Nouvelles, Ilnu, and Trieste properties. Stelmine is actively planning the establishment of a new gold mining camp in the eastern part of the Opinaca metasedimentary basin, indicating its commitment to advancing mineral resources in the region.

Harfang Exploration

Post in 2018
Harfang Exploration Inc is a Canadian mining exploration company focused on discovering gold districts primarily in Quebec. The company is engaged in the acquisition and exploration of mineral properties, with a significant emphasis on gold and lithium. Its main projects include the Lac Menarik gold property in the James Bay region, which is noted for being underexplored, as well as other properties such as Menarik East, Serpent, Lake Fagnant, Lake Aulneau, and Lake Tapiatic. Harfang's strategy involves developing mining projects and establishing partnerships with other exploration and mining firms to enhance its exploration efforts in these resource-rich areas.

Sphinx Resources

Post in 2018
Sphinx is engaged in the generation and acquisition of exploration projects in Québec and Canada which is recognized as an attractive mining jurisdiction worldwide.

Solmax

Venture Round in 2017
Solmax is a manufacturer of high-quality polyethylene geomembranes and related products designed for industrial and environmental applications. The company’s offerings include geomembranes, geotextiles, drainage products, and erosion control systems, which are utilized to minimize the environmental impact of various activities and protect natural resources. Solmax's products are essential in sectors such as mining, energy, waste management, water, and civil engineering, helping to safeguard soils from contamination in critical applications, including landfills in densely populated areas and tailings or heap leach pads in environmentally sensitive regions. With a presence in over 60 countries, Solmax serves major industrial companies, contributing to the decarbonization of civil and environmental infrastructure.

Stelmine Canada

Post in 2017
Stelmine Canada is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mining properties in Quebec. The company's asset portfolio includes several properties, such as the Courcy, Mercator, Joubert, Nouvelles, Ilnu, and Trieste properties. Stelmine is actively planning the establishment of a new gold mining camp in the eastern part of the Opinaca metasedimentary basin, indicating its commitment to advancing mineral resources in the region.

Forage G4

Venture Round in 2016
Forage G4 stands out in projects that present highly technical difficulties. No matter what the conditions, our team carries out the work efficiently and professionally, and this, with the utmost respect for communities and environmental standards. Whether it is for surface drilling or for underground drilling, we offer rapid and efficient service for all types of needs, as much in exploration as in operation.

Cartier Resources

Convertible Note in 2016
Ressources Cartier Resources (TSX-V: ECR) is an exploration company focused on discovery in the prolific Abitibi Gold Belt in Quebec.

Groupe Technosub inc

Acquisition in 2015
Groupe Technosub Inc. is a Canadian company based in Rouyn-Noranda, specializing in the manufacture, sale, rental, and repair of pumps and pump components. Founded in 1983, the company offers a diverse range of products, including multistage, vertical turbine, centrifugal, and submersible pumps. These pumps are utilized in various applications, such as mine dewatering, water distribution, irrigation, and industrial processes, capable of handling fluids like fresh, salt, and demineralized water, as well as oils and emulsions under high pressure and temperature. Technosub primarily serves the mining, construction, environmental, and municipal infrastructure sectors, leveraging over 30 years of industry expertise to deliver high-quality products and engineering solutions.

Cartier Resources

Post in 2015
Ressources Cartier Resources (TSX-V: ECR) is an exploration company focused on discovery in the prolific Abitibi Gold Belt in Quebec.

Sphinx Resources

Post in 2014
Sphinx is engaged in the generation and acquisition of exploration projects in Québec and Canada which is recognized as an attractive mining jurisdiction worldwide.

E2metrix

Seed Round in 2012
E2metrix Inc. specializes in the design, development, and manufacturing of advanced wastewater treatment systems, utilizing its proprietary electrolysis technology platform, ECOTHOR. Founded in 2011 and headquartered in Sherbrooke, Canada, the company focuses on addressing the needs of various industries, including municipal water treatment, food processing, dairy, mining, and pulp and paper. E2metrix’s innovative solutions are designed to remove targeted contaminants such as phosphorus and ammonia, while also facilitating resource recovery. With a strong emphasis on technological advancement, E2metrix aims to provide effective and sustainable options for wastewater management across multiple sectors.

Groupe Technosub inc

Venture Round in 2011
Groupe Technosub Inc. is a Canadian company based in Rouyn-Noranda, specializing in the manufacture, sale, rental, and repair of pumps and pump components. Founded in 1983, the company offers a diverse range of products, including multistage, vertical turbine, centrifugal, and submersible pumps. These pumps are utilized in various applications, such as mine dewatering, water distribution, irrigation, and industrial processes, capable of handling fluids like fresh, salt, and demineralized water, as well as oils and emulsions under high pressure and temperature. Technosub primarily serves the mining, construction, environmental, and municipal infrastructure sectors, leveraging over 30 years of industry expertise to deliver high-quality products and engineering solutions.

ABI-QUIP

Funding Round in 2011
Abi-Quip is a into the sale of mining, forestry and construction sectors. It offers a service that meets demand for parts, repairs, pumps and the sale of machinery. In addition, they offer road and on-site repair and sales services.

Golden Valley Mines

Post in 2010
Golden Valley Mines Ltd. is a Canadian company focused on identifying, acquiring, and developing mineral exploration and evaluation projects. The company primarily explores for a variety of minerals, including gold, copper, zinc, silver, cobalt, molybdenum, nickel, and platinum group metals. It holds 16 exploration properties located in key mining regions such as the Abitibi Greenstone Belt, the James Bay, Mistassini, and Otish regions of northern Quebec, as well as the Nunavik region and the Athabasca Basin in Saskatchewan. Golden Valley Mines typically conducts initial exploration on grassroots targets in which it holds a 100% interest, after which it seeks partners to fund further exploration. This strategy allows the company to maintain its generative programs while pursuing systematic exploration at other majority-owned projects. Established in 2000, Golden Valley Mines is headquartered in Val-d'Or, Canada.

Cartier Resources

Post in 2010
Ressources Cartier Resources (TSX-V: ECR) is an exploration company focused on discovery in the prolific Abitibi Gold Belt in Quebec.

Cartier Resources

Post in 2009
Ressources Cartier Resources (TSX-V: ECR) is an exploration company focused on discovery in the prolific Abitibi Gold Belt in Quebec.

Sirios Resources

Post in 2004
Sirios Resources Inc. is an exploration company based in Montreal, Canada, focused on the evaluation and discovery of mineral resources, primarily gold and silver deposits. Founded in 1994, the company aims to identify world-class gold and lithium deposits in the James Bay region of Quebec. Its flagship project, the Cheechoo project, encompasses 145 claims over 7,400 acres and is recognized as a significant gold discovery. In addition to Cheechoo, Sirios also holds other projects, including Aquilon, Maskwa, and Li-52, further expanding its exploration efforts in the region.
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