The Manitoba government earlier provided a grant of C$300,000 to the company.
The miner will extend Mponeng’s life from seven to 20 years.
In 2023, the Çöpler mine produced 220,999 gold ounces.
Gold resources are up 31% year-over-year at both the Stock West and Stock Main zones.
The continent hosts more than half the planet’s platinum group metal, manganese and cobalt reserves – vital for certain battery storage technologies.
Drilling at the eastern Athabasca Basin site intersected 13.8% uranium equivalent over 16.8 metres.
Sully, who joined Lilac as COO in July, was previously CEO of Nutrien’s $10 billion nitrogen and phosphate business unit.
A sulfurization-reduction approach facilitates the efficient extraction of metals from slag.
Proceeds will go towards developing the Madsen gold mine in Ontario.
Canada Rare Earth Corp. (TSX.V: LL) announced it has established rare earth supply operations in the Democratic Republic of Congo (DRC) through […]
