Fonds de solidarité FTQ is a private equity and venture capital firm based in Montreal, Canada, with additional offices in Quebec. Established in 1983, the firm specializes in investing in small and medium-sized businesses across various sectors, including natural resources, aerospace, agri-food, life sciences, and culture. It primarily focuses on projects that require funding of $3 million or more and provides loans up to $2 million. The firm actively seeks investment opportunities in Quebec, particularly in regions such as Abitibi-Témiscamingue and Montérégie. Fonds de solidarité FTQ invests in a range of activities, including business succession, financial restructuring, and market development, while avoiding sectors like retail, real estate, and biotechnology. It typically engages in equity financing and unsecured debt with investment horizons ranging from five to ten years. The firm aims to support projects that positively impact the Quebec economy and often takes either minority or majority stakes in its portfolio companies.
Vice President, Private Equity and Impact Investing
Martin Guestier
Director, Private Equity and Impact Investing
Daniel Hinse
Vice President, Private Equity and Impact Investing
Philippe P. Huneault
Vice President, Private Equity and Impact Investing
Emmanuelle Héroux
Director, Private Equity and Impact Investing
Patrice Jolivet
Vice President, Investments - Agri-Food and Health
Dominic Lainesse
Director, Private Equity and Impact Investing
Julien Laplante
Director, Private Equity and Impact Investing
Youssef Lemgendez
Director, Private Equity and Impact Investing
Benoit Leroux
Director, Private Equity and Impact Investing
Raphaël Marcel
Director, Private Equity and Impact Investing
Pierre-Jean Mathon
Director, Private Equity and Impact Investing
Claudia O'Connor Messier
Director, Private Equity and Impact Investing
Serge Michaud
Director, Private Equity and Impact Investing
Véronique Missout
Director, Private Equity and Impact Investing
Julie Morand
Vice President, Private Equity and Impact Investing
Martin Ostiguy
Director, Private Equity and Impact Investing
Céline Palhol
Director, Private Equity and Impact Investing
Nicolas du Parc
Director, Private Equity and Impact Investing
Dany Pelletier
Executive Vice President, Private Equity and Impact Investing
Maxime Pesant
Director, Private Equity and Impact Investing
Gilles Poulin
Vice President, Private Equity and Impact Investing
Julie Proulx
Director, Private Equity and Impact Investing
Sophie Robillard
Vice President, Private Equity and Impact Investing
Florence Rozen
Scientific Director, Private Equity and Impact Investing
Dany Sarazin-Sullivan
Investment Manager
Sébastien Sauvageau
Director, Private Equity and Impact Investing
Benoit Tétrault
Director, Private Equity and Impact Investing
Past deals in Natural Resources
Habitat
Venture Round in 2024
Habitat offers environmental services by delivering nature-based land-use solutions to create balanced and healthy ecosystems.
Power Corporation of Canada
Post in 2022
Power Corporation of Canada is a diversified international management and holding company headquartered in Montréal, Canada. Established in 1925, it operates in various sectors, including financial services, renewable energy, and communications. The company has significant interests in life insurance, asset management, and investment advisory services through its subsidiaries, such as Lifeco and IGM Financial. Power Corporation offers a range of products, including life and disability insurance, annuities, mutual funds, and wealth management services. In addition to its financial operations, the company generates renewable energy from solar and wind facilities and is involved in manufacturing LED lighting solutions and zero-emission vehicles. Its portfolio includes a variety of businesses in sectors such as mineral-based specialty solutions, testing and certification, cement production, wines and spirits, and leisure parks. Power Corporation also holds minority stakes in other international companies, further expanding its investment reach.
Groupe Crete
Venture Round in 2021
The Crête Group's activities are the results of a family-run company founded by Gérard Crête in 1949 and developed thereafter by his son Martin and his grandson Sébastien. For the past sixty years, their business, human and community relations have been defined by honesty, respect and integrity. It is understood that, despite its impressive track record, the Crête family knew how to stay humble and modest in spite of their numerous success that they willingly share with all of their partners that accompanied them during those years. Going over this site, you will discover the passionate story of this family native of the Mauricie, that, during many years, knew how to get out of a tricky situation in an unstable economy and an industry constantly restructuring. A family as determined as dynamic, constantly challenging their own company politics while always seeking excellence. The Crête family is in business for long! Groupe Crete's misssion is to remain a performing and flexible company of the Québec softwood transformation industry, a renewable ressource. By manufacturing products that are adapted to the needs of our customers. The company develops innovative products that are respectful of the environment, with the objective to generate value for the community, its customers, employees and shareholders.
Troilus Gold
Post in 2021
Troilus Gold is a Canadian development stage resource company that is focused on the mineral expansion and potential restart of the former Troilus gold and copper mine, situated within the Frotêt-Evans Greenstone Belt in Quebec. The company is based in Toronto and is dedicated to advancing the Troilus project, which encompasses a 43,500-hectare property that includes various components such as Z87 Looking Southwest, Water Treatment, and Tailings facilities. By leveraging the historical significance of the Troilus mine, Troilus Gold aims to explore its potential for future resource extraction.
Scandium Canada
Post in 2020
Scandium Canada is a Canadian exploration and deposit development company that specializes in technology metals, primarily focusing on its flagship Crater Lake project in Quebec, which targets scandium and rare earth elements. In addition to Crater Lake, the company holds several other properties, including La Ronciere and Opawica, and is engaged in the exploration of copper-zinc and gold resources. Through its projects, Scandium Canada aims to advance the development of critical metals essential for various technologies and industrial applications.
Harfang Exploration
Post in 2019
Harfang Exploration Inc is a Canadian mining exploration company dedicated to discovering gold districts, primarily in the province of Quebec. The company focuses on acquiring and exploring mineral properties, with a particular emphasis on gold and lithium in the James Bay area of Quebec and northeastern Ontario. Harfang's portfolio includes several projects, such as the Lac Menarik gold property, Menarik East, Serpent, Lake Fagnant, Lake Aulneau, and Lake Tapiatic, among others. The company's development strategy involves generating mining projects while establishing partnerships with other exploration and mining firms to enhance its exploration efforts.
Les Chantiers de Chibougamau ltée
Venture Round in 2019
Nordic Structures is the leading innovator in engineered wood products and mass timber construction. Its resource comes from responsibly managed lands within the regional boreal forest. Vertical integration, from forest to structure, bolstered by Nordic’s experienced design and development team, ensures consistent quality and unparalleled level of service.
Stelmine Canada
Post in 2019
Stelmine Canada Ltd is a Canadian mineral exploration company focused on the acquisition, exploration, production, and development of mining properties in Quebec. The company is actively engaged in identifying and developing mineral resources, with a particular emphasis on gold. Stelmine's portfolio includes several key assets, such as the Courcy Property, Mercator Property, Joubert Property, Nouvelles Property, Ilnu Property, and Trieste Property. Additionally, Stelmine is planning to establish a new gold mining camp in the eastern region of the Opinaca metasedimentary basin, further expanding its operational footprint in the region.
Azimut Exploration
Post in 2018
Azimut Exploration Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of mineral properties primarily in Quebec. The company specializes in the exploration of a diverse range of minerals, including copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. Azimut holds an extensive portfolio of twenty-eight exploration properties, encompassing 11,916 claims located in the James Bay and Nunavik regions. The company employs advanced techniques for project generation, utilizing large geoscientific databases to identify potential targets. With its headquarters in Longueuil, Canada, Azimut is dedicated to developing partnerships and leveraging its exploration expertise to advance its projects.
Golden Valley Mines
Post in 2018
Golden Valley Mines Ltd. is a Canadian mineral exploration company focused on identifying, acquiring, and developing exploration and evaluation properties for various minerals, including gold, copper, zinc, silver, cobalt, molybdenum, nickel, and platinum group metals. The company holds 16 exploration properties across regions such as the Abitibi Greenstone Belt, James Bay, Mistassini, Otish, and Nunavik in Quebec, as well as the Athabasca Basin in Saskatchewan. Golden Valley Mines typically retains a 100% interest in initial grassroots targets and seeks partners to fund further exploration, allowing it to pursue additional generative programs and systematic exploration efforts on other majority-owned projects. Incorporated in 2000 and headquartered in Val-d'Or, Quebec, the company also engages in acquiring royalties related to its mineral interests.
Kintavar Exploration
Post in 2018
Kintavar Exploration Inc. is a natural resource corporation focused on the exploration and development of gold and base metal properties in Canada, particularly in Quebec. The company's flagship project is the Mitchi copper property, spanning approximately 30,000 hectares in the Grenville geological province. In addition to Mitchi, Kintavar holds interests in the Anik gold property, which consists of 120 claims covering 6,700 hectares southeast of Chapais, and the Riviere à l’aigle project, comprising 161 claims over 9,026 hectares in the Chapais-Chibougamau region. The company aims to identify and acquire underexplored properties in geologically favorable areas, primarily focusing on the Abitibi gold district and the Grenville geological province. Kintavar Exploration is headquartered in Boucherville, Canada.
Stelmine Canada
Post in 2018
Stelmine Canada Ltd is a Canadian mineral exploration company focused on the acquisition, exploration, production, and development of mining properties in Quebec. The company is actively engaged in identifying and developing mineral resources, with a particular emphasis on gold. Stelmine's portfolio includes several key assets, such as the Courcy Property, Mercator Property, Joubert Property, Nouvelles Property, Ilnu Property, and Trieste Property. Additionally, Stelmine is planning to establish a new gold mining camp in the eastern region of the Opinaca metasedimentary basin, further expanding its operational footprint in the region.
Harfang Exploration
Post in 2018
Harfang Exploration Inc is a Canadian mining exploration company dedicated to discovering gold districts, primarily in the province of Quebec. The company focuses on acquiring and exploring mineral properties, with a particular emphasis on gold and lithium in the James Bay area of Quebec and northeastern Ontario. Harfang's portfolio includes several projects, such as the Lac Menarik gold property, Menarik East, Serpent, Lake Fagnant, Lake Aulneau, and Lake Tapiatic, among others. The company's development strategy involves generating mining projects while establishing partnerships with other exploration and mining firms to enhance its exploration efforts.
Stelmine Canada
Post in 2017
Stelmine Canada Ltd is a Canadian mineral exploration company focused on the acquisition, exploration, production, and development of mining properties in Quebec. The company is actively engaged in identifying and developing mineral resources, with a particular emphasis on gold. Stelmine's portfolio includes several key assets, such as the Courcy Property, Mercator Property, Joubert Property, Nouvelles Property, Ilnu Property, and Trieste Property. Additionally, Stelmine is planning to establish a new gold mining camp in the eastern region of the Opinaca metasedimentary basin, further expanding its operational footprint in the region.
Coopérative Forestière De Petit Paris
Private Equity Round in 2017
Coopérative Forestière de Petit Paris is a forest cooperative that focuses on providing a comprehensive range of forestry services aimed at supporting its members' employment. Its operations encompass reforestation, stand clearing, and field preparation, alongside the construction and maintenance of forest roads. The cooperative also specializes in the supply and processing of timber, ensuring the production of quality wood for various industries. Additionally, it emphasizes the valuation of fiber and the creation of by-products, as well as utilizing forest resources for energy purposes. Through these activities, the cooperative plays a vital role in sustainable forestry practices while fostering economic opportunities for its members.
Forage G4
Venture Round in 2016
Forage G4 stands out in projects that present highly technical difficulties. No matter what the conditions, our team carries out the work efficiently and professionally, and this, with the utmost respect for communities and environmental standards. Whether it is for surface drilling or for underground drilling, we offer rapid and efficient service for all types of needs, as much in exploration as in operation.
Azimut Exploration
Post in 2016
Azimut Exploration Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of mineral properties primarily in Quebec. The company specializes in the exploration of a diverse range of minerals, including copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. Azimut holds an extensive portfolio of twenty-eight exploration properties, encompassing 11,916 claims located in the James Bay and Nunavik regions. The company employs advanced techniques for project generation, utilizing large geoscientific databases to identify potential targets. With its headquarters in Longueuil, Canada, Azimut is dedicated to developing partnerships and leveraging its exploration expertise to advance its projects.
Cartier Resources
Convertible Note in 2016
Cartier Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of mining properties, primarily targeting gold deposits. Founded in 2006 and headquartered in Val-d'Or, Quebec, the company operates within the prolific Abitibi Gold Belt. Its flagship project is the Chimo mine property, located east of Val-d'Or. In addition to Chimo, Cartier Resources holds several other projects, including Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack, all aimed at discovering and developing valuable mineral resources.
Falco Resources
Post in 2015
Falco Resources is a Canadian junior resource exploration company focused on acquiring and exploring mineral properties. Established in 2010 and headquartered in Montreal, the company primarily operates in the Rouyn-Noranda mining camp in Quebec, where it owns approximately 74,000 hectares of land. Falco's key asset is the Horne 5 Project, located within the former Horne mine. The company specializes in exploring for base and precious metals, including gold, zinc, copper, and silver deposits. Falco Resources has employed advanced digitization and data mining techniques to analyze historical data, leading to significant discoveries such as the Horne 5 deposit.
Cartier Resources
Post in 2015
Cartier Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of mining properties, primarily targeting gold deposits. Founded in 2006 and headquartered in Val-d'Or, Quebec, the company operates within the prolific Abitibi Gold Belt. Its flagship project is the Chimo mine property, located east of Val-d'Or. In addition to Chimo, Cartier Resources holds several other projects, including Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack, all aimed at discovering and developing valuable mineral resources.
Osisko Gold Royalties
Post in 2014
Osisko Gold Royalties is a North American-focused intermediate precious metal royalty company that commenced operations in June 2014. The company specializes in acquiring and managing a diverse portfolio of over 175 royalties, streams, and precious metal offtakes, primarily centered in North America. Its flagship asset is a 5% net smelter return royalty on the Canadian Malartic mine, the largest gold mine in Canada. In addition to its royalty and stream interests, Osisko engages in the exploration, evaluation, and development of mining projects, contributing to its growth and diversification. The majority of its income is derived from North American operations, reflecting its strategic focus on the region's mining potential.
Groupe Lebel
Venture Round in 2014
Groupe Lebel focuses on the efficient transformation of wood into sustainable products while actively contributing to community development. The company emphasizes rigorous quality control throughout the entire production process, which includes stages such as cutting plans, reforestation, sawing, drying, planing, classification, processing, packaging, and delivery. By overseeing each phase, Groupe Lebel ensures the highest standards in the production of its wood-based products.
Les Chantiers de Chibougamau ltée
Debt Financing in 2011
Nordic Structures is the leading innovator in engineered wood products and mass timber construction. Its resource comes from responsibly managed lands within the regional boreal forest. Vertical integration, from forest to structure, bolstered by Nordic’s experienced design and development team, ensures consistent quality and unparalleled level of service.
Golden Valley Mines
Post in 2010
Golden Valley Mines Ltd. is a Canadian mineral exploration company focused on identifying, acquiring, and developing exploration and evaluation properties for various minerals, including gold, copper, zinc, silver, cobalt, molybdenum, nickel, and platinum group metals. The company holds 16 exploration properties across regions such as the Abitibi Greenstone Belt, James Bay, Mistassini, Otish, and Nunavik in Quebec, as well as the Athabasca Basin in Saskatchewan. Golden Valley Mines typically retains a 100% interest in initial grassroots targets and seeks partners to fund further exploration, allowing it to pursue additional generative programs and systematic exploration efforts on other majority-owned projects. Incorporated in 2000 and headquartered in Val-d'Or, Quebec, the company also engages in acquiring royalties related to its mineral interests.
Cartier Resources
Post in 2010
Cartier Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of mining properties, primarily targeting gold deposits. Founded in 2006 and headquartered in Val-d'Or, Quebec, the company operates within the prolific Abitibi Gold Belt. Its flagship project is the Chimo mine property, located east of Val-d'Or. In addition to Chimo, Cartier Resources holds several other projects, including Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack, all aimed at discovering and developing valuable mineral resources.
Cartier Resources
Post in 2009
Cartier Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of mining properties, primarily targeting gold deposits. Founded in 2006 and headquartered in Val-d'Or, Quebec, the company operates within the prolific Abitibi Gold Belt. Its flagship project is the Chimo mine property, located east of Val-d'Or. In addition to Chimo, Cartier Resources holds several other projects, including Benoist, Fenton, Wilson, Cadillac Extension, Dollier, and MacCormack, all aimed at discovering and developing valuable mineral resources.
Azimut Exploration
Post in 2008
Azimut Exploration Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of mineral properties primarily in Quebec. The company specializes in the exploration of a diverse range of minerals, including copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. Azimut holds an extensive portfolio of twenty-eight exploration properties, encompassing 11,916 claims located in the James Bay and Nunavik regions. The company employs advanced techniques for project generation, utilizing large geoscientific databases to identify potential targets. With its headquarters in Longueuil, Canada, Azimut is dedicated to developing partnerships and leveraging its exploration expertise to advance its projects.
Azimut Exploration
Post in 2004
Azimut Exploration Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of mineral properties primarily in Quebec. The company specializes in the exploration of a diverse range of minerals, including copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. Azimut holds an extensive portfolio of twenty-eight exploration properties, encompassing 11,916 claims located in the James Bay and Nunavik regions. The company employs advanced techniques for project generation, utilizing large geoscientific databases to identify potential targets. With its headquarters in Longueuil, Canada, Azimut is dedicated to developing partnerships and leveraging its exploration expertise to advance its projects.
Lysac Technologies
Venture Round in 2004
Lysac Technologies Inc. is a Canadian company focused on creating advanced consumer-safe and environmentally friendly superabsorbents derived from natural and renewable resources. Its flagship products, known as Safe and Natural Absorbent Polymers (SNAPs), are designed to hold a significant amount of liquid relative to their mass while being hypoallergenic, biodegradable, and food grade. These innovative superabsorbents have versatile applications across various sectors, including personal hygiene products, food pads, disposable medical items, chemical spill management, and telecommunications. By prioritizing sustainability and safety, Lysac Technologies aims to provide solutions that help consumer goods producers minimize their environmental impact.
Sirios Resources
Post in 2004
Sirios Resources Inc. is an exploration company focused on the evaluation and discovery of mineral resources, primarily gold and silver deposits, in Canada. Founded in 1994 and headquartered in Montreal, the company emphasizes its mission to uncover world-class gold deposits in the James Bay region of Quebec. Its flagship project, the Cheechoo project, encompasses 145 claims over an area of 7,400 acres and represents a multi-million ounce gold potential. In addition to Cheechoo, Sirios Resources also holds other projects, including Aquilon, Maskwa, and Li-52, aimed at exploring both gold and lithium resources.
Sirios Resources
Post in 2003
Sirios Resources Inc. is an exploration company focused on the evaluation and discovery of mineral resources, primarily gold and silver deposits, in Canada. Founded in 1994 and headquartered in Montreal, the company emphasizes its mission to uncover world-class gold deposits in the James Bay region of Quebec. Its flagship project, the Cheechoo project, encompasses 145 claims over an area of 7,400 acres and represents a multi-million ounce gold potential. In addition to Cheechoo, Sirios Resources also holds other projects, including Aquilon, Maskwa, and Li-52, aimed at exploring both gold and lithium resources.
Azimut Exploration
Post in 2003
Azimut Exploration Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of mineral properties primarily in Quebec. The company specializes in the exploration of a diverse range of minerals, including copper, gold, zinc, silver, cobalt, tungsten, rare earth elements, uranium, chromium, nickel, and platinum group elements. Azimut holds an extensive portfolio of twenty-eight exploration properties, encompassing 11,916 claims located in the James Bay and Nunavik regions. The company employs advanced techniques for project generation, utilizing large geoscientific databases to identify potential targets. With its headquarters in Longueuil, Canada, Azimut is dedicated to developing partnerships and leveraging its exploration expertise to advance its projects.
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