Grants and Contributions:
Title:
Spearhead Advanced Timber
Agreement Number:
IFIT23_SPEAR
Agreement Value:
$7,500,000.00
Agreement Date:
Nov 26, 2025 - Jul 31, 2027
Description:
This project will install innovative technology in a forest products facility in Canada.
Organization:
Natural Resources Canada
Expected Results:
The expected results will diversify markets with new, higher value products (new biomaterials, advanced building products and construction materials).
Location:
NELSON, British Columbia, CA V1L 6N4
Reference Number:
115-2025-2026-Q3-17897
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
For-profit organization
Additional Information:
Two or more departments or agencies are involved in the funding of and/or the awarding of a particular grant or contribution award. Grant or contribution awarded and spanning more than one fiscal year.
Recipient's Operating Name:
Spearhead Timberworks Inc. and Spearhead Innovations Inc.
Recipient's Legal Name:
SPEARHEAD TIMBERWORKS INC.
Program:
Contributions in support of Investments in the Forest Industry Transformation Program
Program Purpose:
The objective of Investments in Forest Industry Transformation is to support forest industry transformation that will make the forest industry more commercially and environmentally more sustainable by investing in innovative technologies that lead to a more diversified, higher-value product mix including bioenergy, biomaterials, biochemicals, and next generation building products.