Conifex Timber Secures Up to CA$11 Million in Federal Funding for Mackenzie Sawmill

04:51 PM EDT, 10/28/2026 (MT Newswires) -- Conifex Timber (CFF.TO) after trade Wednesday said it has secured up to CA$11 million in funding from the Government of Canada via its Pacific Economic Development Canada's Regional Tariff Response Initiative. The company added that the funding will support modernization and operational improvements at its Mackenzie sawmill. The money will go towards "investments in equipment, infrastructure and related improvements intended to enhance the mill's productivity, operational efficiency and competitiveness," Conifex said. The funding includes up to CA$10 million in repayable contributions and CA$1 million in non-repayable contributions, according to the statement. Conifex shares last traded Oct. 27, closing at CA$0.105 on the Toronto Stock Exchange.