FREDERICTON (GNB) – Sunny Corner Exploration Inc. is establishing operations and creating 30 new jobs in Miramichi with the support of the provincial and federal governments.

Sunny Corner Exploration is a new company related to Sunny Corner Enterprises Inc.

Opportunities NB is providing a $5 million interest-bearing loan to support the company’s acquisition of inventory and intellectual property required to manufacture specialized exploration equipment. The federal government, through the Atlantic Canada Opportunities Agency (ACOA), is investing $1 million to support the project.

“This company is a manufacturing leader in New Brunswick,” said Arlene Dunn, minister responsible for Opportunities NB. “Their success at home and internationally is beneficial for the Miramichi region and for our entire province. We are proud to support the company’s plans for expansion and job creation.”

“Investments like these demonstrate our commitment to helping local businesses scale-up and fuel economic growth,” said Official Languages Minister Ginette Petitpas Taylor, who is also minister responsible for ACOA. "We are proud to support Sunny Corner as it creates jobs and builds resiliency in this region for years to come.”

The project will allow the company to manufacture exploration drill rigs, associated drill rods and other exploration mining consumables.

“This acquisition of the business and intellectual property, originally owned by Sandvik, will bring world class and leading products in the exploration mining sector to the province,” said Eric Lloyd, president of Sunny Corner Enterprises Inc. “This provides the opportunity to proudly manufacture and sell products across the globe that are preserved and domiciled here in our home province. With the support of our skilled employees and the support from the provincial and federal governments, we are confident and look forward to growing this business, growing opportunities for our employees and growing opportunities for others in the province.”

Opportunities NB is the economic development agency for the province. The agency aims to accelerate growth by attracting global business and talent, strengthening exports, and empowering local companies and entrepreneurs.