- Northcliff Resources (TSX:NCF) received approval from the Minister of the Department of Environment and Climate Change for a five-year extension to the construction timeline for its Sisson tungsten-molybdenum project in New Brunswick
- The project, recently named as one of Prime Minister Mark Carney’s recommendations for fast-tracking in the interest of national security, hosts a large deposit representing nearly US$15 billion in critical metals
- Northcliff Resources stock has added 1,025 per cent year-over-year
Northcliff Resources (TSX:NCF) received approval from the Minister of the Department of Environment and Climate Change for a five-year extension to the construction timeline for its Sisson tungsten-molybdenum project in New Brunswick.
The project, recently named one of Prime Minister Mark Carney’s recommendations for fast-tracking in the interest of national security, hosts a large deposit representing nearly US$15 billion in critical metals at prices as of November 14.
Northcliff leadership has progressed along the permitting process with consistency over the past decade, beginning with Environmental Impact Assessment approvals from the provincial and federal governments in 2015 and 2017, and most recently highlighted by Harmful Alteration, Disruption or Destruction Authorization under the Fisheries Act in October 2020.
With studies underway to sign off on construction plans before breaking ground, backed by funding from Natural Resources Canada and the US Department of Defense, in addition to Carney’s overt support, Sisson benefits from a de-risked path to production.
Management commentary
“On behalf of Northcliff, I would like to thank the New Brunswick government for granting the five-year extension to the construction commencement timeline,”Andrew Ing, chief executive officer of Northcliff Resources, said in Friday’s news release. “This extension provides Northcliff a runway to complete workstreams that will provide the necessary economic and technical information to support a construction decision.”
About Northcliff Resources
Northcliff is advancing towards production at the feasibility-stage Sisson tungsten-molybdenum project in New Brunswick, Canada.
Northcliff Resources stock (TSX:NCF) opened with a gain of 1.12 per cent trading at C$0.45. The stock has added 1,025 per cent year-over-year.
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