Yellowknife emerging as EV metals hub – by Shane Lasley (North of 60 Mining News – April 10, 2023)

https://www.miningnewsnorth.com/

The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America’s electric vehicle supply chain. Already home to Canada’s only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States.

A roughly 9,600-square-kilometer (3,700 square miles) area that extends 120 kilometers (75 miles) east of Yellowknife to Vital Metal Ltd.’s Nechalacho rare earths mine is riddled with hardrock lithium sources known as pegmatites.

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Excerpt from Ring of Fire: High-Stakes Mining in a Lowlands Wilderness – by Virginia Heffernan (April 6, 2023)

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A valuable discovery under the world’s second-largest temperate wetland and in the traditional lands of the Cree and Ojibway casts light on the growing conflict among resource development, environmental stewardship, and Indigenous rights

When prospectors discovered a gigantic crescent of metal deposits under the James Bay Lowlands of northern Canada in 2007, the find touched off a mining rush, lured a major American company to spend fortunes in the remote swamp, and forced politicians to confront their legal duty to consult Indigenous Peoples about development on their traditional territories. But the multibillion-dollar Ring of Fire was all but abandoned when stakeholders failed to reach a consensus on how to develop the cache despite years of negotiations and hundreds of millions of dollars in spending. Now plans for an all-weather road to connect the region to the highway network are reigniting the fireworks.

In this colorful tale, Virginia Heffernan draws on her bush and newsroom experiences to illustrate the complexities of resource development at a time when Indigenous rights are becoming enshrined globally. Ultimately, Heffernan strikes a hopeful note: the Ring of Fire presents an opportunity for Canada to leave behind centuries of plunder and set the global standard for responsible development of minerals critical to the green energy revolution.

EXCERPT: Ring of Fire – Transformative Changes For First Nations Embracing Mining Development – by Virginia Heffernan

If you journey north from the coastal communities of Moose Factory and Attawapiskat, hugging the curvaceous eastern shoreline of James and then Hudson Bay, you eventually reach the inlet that leads to the hamlet of Baker Lake in Nunavut. It’s the geographic centre of Canada. Baker Lake has been transformed by gold mining over the past decade.

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Troubled Canadian diamond mine Ekati gets new life as Australian company takes control – by Gabriel Friedman (Financial Post – March 16, 2023)

https://financialpost.com/

Burgundy is paying US$136 million to assume control from Arctic Canadian

The Ekati complex, a star-crossed diamond mining operation in Northwest Territories, is getting a new life. Ekati has changed hands several times in the past decade, and has struggled in recent years. But Australia’s Burgundy Diamond Mines Ltd. sees promise, announcing this week that it would pay US$136 million to assume control from Ekati’s current owner, Arctic Canadian Diamond Co. Ltd.

The deal is expected to close in April. Burgundy, based in Perth and listed on the Australian Stock Exchange, said in a press release that the current life-of-mine plan supports operations until 2028, and that investments could further extend mining. In 2022, Ekati delivered US$494 million in revenue and 4.1 million karats of diamonds were recovered, the press release said.

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Yukon gov’t to appeal court decision quashing approval of mining project near Mayo (CBC News North – March 16, 2023)

https://www.cbc.ca/news/canada/north/

Supreme Court found that consultation with First Nation over Metallic Minerals’ project was inadequate

The Yukon government is appealing a court decision that quashes the approval of a mining project near Mayo, Yukon. It’s the latest in an ongoing dispute between the territorial government and the First Nation of Na-Cho Nyäk Dun (FNNND) over a project in the First Nation’s traditional territory.

The First Nation filed a petition to the Yukon Supreme Court in 2021, soon after the Yukon government gave the green light to Vancouver-based Metallic Minerals Corp.’s project. The quartz exploration project is to happen over 10 years on 52 claims located north of Mayo.

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Deal over access to ore dock in Skagway, Alaska, ‘critical’ to Yukon, premier says (CBC News North – March 8, 2023)

https://www.cbc.ca/news/canada/north/

Yukon Premier Ranj Pillai is calling a potential new deal that would secure access to the ore dock in Skagway, Alaska, “very, very good news for Yukon.” “I’m very proud. I mean, this is a great example of our government taking on something … that’s very critical to the Yukon and to Canada and having the capacity, I guess I would say, to come up with a solution and get this done.”

Skagway recently accepted the terms of the agreement that would see the Yukon government put more than $17 million US toward upgrading one of the town’s docks. For the Yukon, it’s a vital facility for companies to be able to ship ore mined in the territory.

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Indigenous groups lead the renewable transition in northern Canada – by Jesse Chase-Lubitz (Yahoo News – February 28, 2023)

https://ca.news.yahoo.com/

A solution to climate change is emerging in one of the regions most affected by it. In Nunavut — the northernmost territory of Canada — a coalition of Indigenous communities is transitioning the region away from diesel and toward renewable energy.

In 2018, Nukik Corporation, which was formed by individuals in the Indigenous Inuit population, started planning the Kivalliq Hydro-Fibre Link, a set of electricity and fiber-optic transmission cables. The link would connect the vast regions of rural northern Canada to a southern Canadian renewable energy grid in the province of Manitoba.

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Companies look to government for help turning N.W.T. projects into mines – by Richard Gleeson (CBC News North – February 28, 2023)

https://www.cbc.ca/news/canada/north/

‘We are operating in a very, very difficult capital market regime right now for mining companies’

Mining companies hoping to transform exploration projects in the N.W.T. into producing mines are looking to tap into the billions of dollars the federal government announced last year to spur the development of the country’s critical minerals industry.

The federal government earmarked $3.8 billion in funding for critical minerals development in its 2022 budget. In December it released a strategy that set out broad goals for how that money will be spent.

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B2Gold takeover sidelines Sabina’s Chinese shareholder – by Andrew Willis (Globe and Mail – February 15, 2023)

https://www.theglobeandmail.com/

B2Gold Corp.’s plan to acquire a project in Nunavut for $1.1-billion is blocking expansion plans at one of China’s largest gold producers, the latest in a series of Canadian setbacks for Chinese resources companies.

Vancouver-based B2Gold launched a friendly takeover bid for Sabina Gold & Silver Corp. on Monday aimed at winning control of properties 520 kilometres northeast of Yellowknife that contain some of the world’s highest-grade undeveloped gold projects. Sabina, also based in Vancouver, forecasts its first mine will open in 2025, at a cost of $750-million, and produce gold for 15 years.

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Vancouver’s B2Gold to buy Sabina with eye on Nunavut deposits – by Naimul Karim (Financial Post – February 13, 2023)

https://financialpost.com/

Deal gives miner control of mineral-rich Back River gold project

Vancouver-based gold miner B2Gold Corp. has inked a $1.1 billion deal to acquire Sabina Gold & Silver Corp., a miner that’s developing a project in Nunavut, as the global gold sector continues to consolidate.

Although B2Gold has its headquarters in Vancouver and is listed on the Toronto Stock Exchange, it doesn’t currently produce any gold in Canada. It mines in Mali, the Philippines and Namibia and is exploring projects in Uzbekistan, Finland and Colombia.

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Yukon asks public to weigh in on Gold Rush-era mining laws – by Meribeth Deen (CBC News North – February 9, 2023)

https://www.cbc.ca/news/canada/north/

Yukon’s Quartz Mining Act and Placer Mining Act date back to the days of the Klondike Gold Rush, and haven’t been updated much since. Peter Johnston, Grand Chief of the Yukon Council of First Nations, says these outdated laws have led to chaos.

“We do not need to get into a history lesson to understand the negative impacts that we’ve felt here in the territory over 125 years when it comes to not only open access, but also having limited legislation that’s guiding proponents in a proper, safe, and environmentally conscious way,” he said.

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Li-FT Power eyes Yellowknife for continent’s next big lithium resource – by Blair McBride (Northern Miner – January 23, 2023)

https://www.northernminer.com/

Yellowknife was founded on gold mining, and now lithium holds the potential of opening a new chapter for the Far North’s second largest city. Just a short drive east of Yellowknife and off the paved, all-season highway the Ingraham Trail, Vancouver-based explorer Li-FT Power (CSE: LIFT) is preparing to turn its drills on 13 targets it calls the Yellowknife Lithium Project.

“When you talk about the potential, it’s just really easy to see because the pegmatites stick out of the ground and you can fly over them, they go for 1.8 km, and you just see almost 100% exposure,” Francis MacDonald, CEO Li-FT said in an interview with The Northern Miner.

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Abandoned mines among most expensive territorial contaminated sites – by Emily Blake (Canadian Press/Toronto Star – January 22, 2023)

https://www.thestar.com/

Environmental advocates say costly cleanups of former non-renewable resource projects in the North show the need for better planning.

YELLOWKNIFE – Environmental advocates say costly cleanups of former non-renewable resource projects in the North show the need for better planning.

Three of Canada’s top five most expensive federal contaminated sites are abandoned mines in the North: Giant Mine in the Northwest Territories at an estimated $4.38 billion and the Faro and United Keno Hill mines in Yukon at $1 billion and $125 million, respectively.

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Agnico invests $90M in exploring Nunavut – by Shane Lasley (North of 60 Mining News – January 19, 2023)

https://www.miningnewsnorth.com/

Continuing a tradition of robust investments to unlock the enormous gold potential on its Nunavut properties, Agnico Eagle Mines Ltd. budgeted more than US$90 million on exploring this politically attractive and stable jurisdiction in Canada’s Far North during 2022.

Going into the year, Agnico already had an aggressive US$60.2 million exploration campaign budgeted for its three gold mine and regional exploration properties in Nunavut. Given the success of this work, by mid-year the company had decided to allocate another US$30 million to build resources and reserves in the territory.

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‘Smoke and mirrors’: Northern miners call for more support for critical minerals – by Emily Blake (Canadian Press/CTV News – January 17, 2023)

https://www.ctvnews.ca/

YELLOWKNIFE – Mining companies with projects in the North say more federal support is needed following the release of Canada’s new critical minerals strategy, while some environmental advocates are wary of the potential impacts.

Several projects in the North focus on critical minerals — so-called because they are considered critical to Canada’s economy and strategic industries like clean technology — including zinc, copper, cobalt, bismuth, tungsten, uranium, and nickel. Canada’s first rare earth elements mine, Nechalacho mine owned by Vital Metals subsidiary Cheetah Resources, opened in the Northwest Territories in 2021.

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Assets from Yukon’s bankrupt Wolverine Mine up for quick sale – by Anna Desmarais (CBC News Canada North – January 4, 2023)

https://www.cbc.ca/news/canada/north/

Mine in southeastern Yukon operated from 2011 to 2015

Bits and pieces of the Yukon’s defunct Wolverine Mine are now up for grabs, as the company that owns the assets prepares for a quick sale.

Welichem Equipment, a B.C. biotech company, owns most of the mine’s assets, including a zinc mill, 10-megawatt diesel plant and a turnkey mine camp for 250 workers. Welichem rented the mining equipment to Yukon Zinc Corporation, the company that operated the mine before abandoning it.

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