# FedNor invests $3.25M in Wabi Iron & Steel foundry expansion

FedNor provided a $3,250,000 investment to Wabi Iron & Steel Corp. to modernize and expand its foundry in Temiskaming Shores, Ontario. The project is expected to create 43 new jobs and triple revenue by 2027.

- Type: Expansion
- Announced: 2025-02-07
- Where: Temiskaming Shores, Ontario, Canada
- Value: $2.40M (3.25M CAD)
- Jobs: 43
- Status: announced
- Products: iron and steel castings, mining loading and hauling systems
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Wabi Iron and Steel Corp.](https://endata.com/companies/53631.md)
- [FedNor](https://endata.com/companies/71176.md) (investor)

## Sources

- [foundry-planet.com](https://www.foundry-planet.com/d/fednor-invests-3250000-in-the-renewal-of-the-wabi-iron-steel-corp/), 2025-02-07: "This funding will help Wabi Iron & Steel grow its business and support the development of the mining and critical minerals sectors in Northern Ontario for years to come."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.