- Canadian Palladium Resources (BULL) has received the first tranche of a grant from the EU-funded Exploration Information System (EIS) Project
- This grant is in relation to Canadian Palladium’s Tisova/Klingenthal project
- The Exploration Information System (EIS) Project will produce new geological models as well as cost-effective spatial analysis tools for mineral exploration
- Canadian Palladium Resources is an exploration company focused on developing deposits of production-grade metal
- Canadian Palladium Resources (BULL) opened trading at C$0.045
Canadian Palladium Resources (BULL) has received the first tranche of a grant from the EU-funded €7.5 million Exploration Information System (EIS) Project.
This grant is in relation to Canadian Palladium’s Tisova/Klingenthal project located on the border of the Czech Republic and Germany.
The Exploration Information System (EIS) Project will produce new geological models as well as cost-effective spatial analysis tools for mineral exploration. The project also aims to increase public awareness of the importance of raw materials to society and build confidence in the exploration and production of these geological raw materials.
The Project’s Science Coordinator, Professor Vesa Nykanen (from the Geological Survey of Finland, GTK), explained,
“We use selected ore deposits as research and test sites for specific mineral systems and metals. These include cobalt minerals in volcanic massive sulphide ore deposits (VMS), lithium-tin-tantalum and tungsten minerals in granite-pegmatite systems, and REE and cobalt minerals in iron-oxide-copper-gold (IOCG) systems.”
The research and test sites of the project are located in the Czech Republic and Germany (Tisova/Klingenthal), Spain, Finland, Sweden, France, Brazil and South Africa.
The EIS is a project coordinated by GTK and funded by the European Union’s Horizon Europe programme. Horizon Europe projects contribute to a green transition and digitalization to help make Europe a climate-neutral continent by 2050. The EIS consortium includes 17 partners from six EU countries, South Africa and one associate partner from Brazil. The total budget for the three-year project is €7.5 million.
Canadian Palladium Director Jamie Newall added,
“We are delighted to be part of such a prestigious EU-funded project working in partnership with some of the best geologists in Europe and the world. The opportunity to have these individuals and organization look in depth at the Tisova/Klingenthal project and help develop our exploration program, based on detailed analysis of the data, all funded by the EU, is unparalleled.”
Canadian Palladium Resources is an exploration company focused on developing deposits of production-grade metal critical to current and future vehicle technology.
Canadian Palladium Resources (BULL) opened trading at C$0.045.
