The Algoma Central Railway was first owned by Francis H. Clergue, who required a railway to haul resources from the interior of the Algoma District to Clergue's industries in Sault Ste. Marie; specifically, to transport logs to his pulp mill and iron ore from the Helen Mine, near Wawa, to a proposed steel mill (which was later named Algoma Steel). The Algoma Central Railway was chartered on August 11, 1899. The railway's Dominion and provincial charters gave it authority to build north from Sault Ste. Marie to a junction with the Canadian Pacific Railway's main line, as well as a branch line to Michipicoten Harbour, on Lake Superior near Wawa.