Mainebiz

V O L . X X X N O. X X I I I O C T O B E R 7 , 2 0 2 4 8 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E tungsten and related tungsten alloys. Under the framework, Elmet would purchase tungsten "mining concentrate" from EQ Resources for $30 million Australian, which is about $20.6 million U.S., over a period of five years, starting with an initial pre-payment of $2 million, Scott Knoll, a partner at Anania and head of mergers and acquisitions and strategy at Elmet, told Mainebiz. N O T E W O R T H Y C E N T R A L & W E S T E R N Thomas College in Waterville was awarded a $25,000 grant from the Davis Family Foundation in Yarmouth to improve teacher education for middle- level students in Maine through curricu- lum development, field experiences and professional development opportunities. Cianbro, an employee-owned con- struction and construction services company in Pittsfield, is celebrating 75 years in business. The Professional Logging Contractors of the Northeast in Augusta said its 28th annual Log A Load for Kids Northern Maine Golf Tournament raised $63,419 for Northern Light Eastern Maine Medical Center in Bangor. The Central Maine Growth Council in Waterville awarded a total of $250,000 to 11 early-stage businesses and start- ups recovering from negative impacts of the COVID-19 pandemic throughout Kennebec and Somerset County. The funding was made available through a Maine Department of Economic and Community Development program. US News: Bowdoin ranks No. 5 among colleges Bowdoin College ranks No. 5 among the 211 liberal arts colleges in the lat- est national ranking by U.S. News & World Report. e Brunswick school ties with Pomona College, in Claremont, Calif., for that posi- tion, and comes in just below the U.S. Naval Academy and just above Wellesley College. Fifth place repre- sents a significant rise from Bowdoin's rank of No. 9 last year. But the higher placement is closer to where the Brunswick college has appeared in many previous lists. Over the prior decade of U.S. News rankings, Bowdoin has placed No. 6 five times, No. 5 twice and No. 4 twice. e school scored its highest rank ever, No. 3, in 2018. U.S. News has pub- lished the college rankings since 1984. N O T E W O R T H Y M I D C O A S T & D O W N E A S T MDI Biological Laboratory in Bar Harbor received a $6 million renewal of a grant from the National Institutes of Health's National Institute of General Medical Sciences to increase researchers' access to its Light Microscopy Facility's full array of state- of-the-art magnification and image-pro- cessing infrastructure. The Maine Community Foundation in Ellsworth awarded a total of $25,000 in grants through its Chet Jordan Leadership Awards to eight college students recognizing emerging college leaders. In addition, the foundation awarded a total of $211,000 in schol- arships to 21 students studying jour- nalism at the undergraduate or gradu- ate level through its Guy P. Gannett Journalism Scholarship Fund. Stephens Waring Yacht Design in Belfast unveiled its 39-foot sailing yacht S/V WISP. The construction was complet- ed by Artisan Boatworks in Rockport. Camden National Bank's employee-led Diversity Council donated $10,000 to Coastal Enterprises Inc. in Portland to support advancing women in the workforce. Wabanaki Alliance appoints next director e new executive director of the Wabanaki Alliance will bring a background as ambassador for the Penobscot Nation and orga- nizational experience in human resources, equity and issues pertain- ing to human rights, the climate and the economy. Maulian Bryant will succeed the alliance's first execu- tive director, John Dieffenbacher- Krall, who will retire at the end of 2024. Established in 2020, the alli- ance comprises the four Wabanaki Nations living in five communi- ties in Maine — the Houlton Band of Maliseet Indians, the Mi'kmaq M I D C O A S T & D O W N E A S T N O R T H E R N & E A S T E R N The best choice for your business banking just got easier. Christopher Rugullies SVP Relationship Manager crugullies@barharbor.bank 207-601-5718 Daryl Wentworth SVP, Director Middle Market Banking dwentworth@barharbor.bank 207-771-1216 We can make it happen. Together. All loans subject to credit approval. Additional terms, fees, and conditions may apply for some products. Discover why we're one of Forbes' World's Best Banks Talk with our Portland area Commercial Banking team today. Together with our commercial lending teams throughout Northern New England, we can help you and your business succeed. 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