The original charter for the team was set up as a non-profit organization and relied on various fundraising activities to meet its financial requirements.

Prior to the 1974 season, a new executive was elected, holding over several of the previous board of directors members, and John Berthelot Sr. was appointed as the new president and head coach.

In 1974 the club had great difficulties in acquiring not just enough talented players, but often weren't even able to ice a full roster for games.

Some of these players were very talented and their personal hockey careers may have gone further had they been given the opportunity to hone their skills within their appropriate age groups, rather than having been thrust into playing against 20-year-olds before they were ready.

By 1976 the Vikings were a competitive team, ranking in the upper tier of teams in the league and eventually lost a dramatic overtime loss in the final game of the League semi-finals against the Thessalon Flyers who would eventually lose out to the Soo Thunderbirds in the finals.

During the rebuilding of the team's finances and competitiveness, another important footnote in Canadian Amateur Hockey history occurred.

They became the first NOJHL team to ever win a game against an Ontario Provincial Junior A Hockey League team, beating the North York Rangers in Guelph, Ontario, where the game was played due to arena scheduling conflicts with the Rangers home rink and later in Elliot Lake in front of crowds so big that the fire marshal was limiting fans to the building due to the size of the crowds.

Included on the roster in the late 1980’s were Matthew Alpajaro, Robin Tessier, and Dean Bowles, three certified beauties.

The one exception and only import player on the team was a highly skilled defenceman named Shannon Hope, who was acquired in a trade late in the season from the Capreol Hawks.

When the team was at its peak in the 1980s, fans either packed Centennial Arena or listened to Bobby Alexander calling the game on CKNR radio.