According to a news report in the Thunder Bay Source, the coated paper mill Thunder Bay Fine Papers has been able to secure $10 million (most coming from American investors) that will enable the company to get rolling again. In mid-September the mill's president, John Hitchman, was concerned that if the mill didn't receive the necessary infusion it would close permanently, eliminating up to 320 positions.

The mill, previously owned by Cascades, was closed down in 2006 due to poor economic conditions. It was resurrected earlier this year by an investor group along with a grant and loans from the provincial government.