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Proposed mine 150 kilometers northwest of Yellowknife gets green light

Mike Gibbins
By Mike Gibbins

Yellowknife, NWT – Following approval by the Wek’eezhii Land and Water Board in June, a proposed mine around 150 kilometers northwest of Yellowknife has received a green light from the G.N.W.T.

Reports say the project is expected to produce significant amounts of cobalt, gold and copper.

Ontario-based Fortune Minerals Limited has been seeking approval for several years and has already spent more than $100-million dollars developing the project.

The company is now looking to raise a further $600-million for the mine, as well as a metal processing plant in Saskatchewan.

Reports say the mine has a projected life span of around 20 years, and is expected to employ around 300 people during the construction phase and as many as 200 to run it afterwards.

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Mike Gibbins
Mike Gibbins
Hello and thank you for listening to 100.1 Moose FM! To contact me, you can email me, find me on Twitter or call (867) 920-4663.

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