Proposed mine 150 kilometers northwest of Yellowknife gets green light

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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.

CJCD Moose FM News

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