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PGM PROJECTS: Mining industry hopes NEPA rules net faster permits

President Trump yesterday took his biggest step yet to fix priority No. 1 for the mining industry. The White House Council on Environmental Quality issued proposed rules that would dramatically accelerate National Environmental Policy Act reviews for mines and land leases, like the Twin Metals copper-nickel mine in northeastern Minnesota and applications for hundreds of millions of tons of coal in the Powder River Basin of Wyoming and Montana (Greenwire, Jan. 9).

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PGM PROJECTS: Generation Mining Delivers Robust Independent PEA for Marathon Palladium Project

  • Date: 06-01-20
  • Category: PGM PROJECTS
  • Source: Junior Mining Network

TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (CSE:GENM) (“Gen Mining”, “Generation”, or the “Company”) is pleased to announce results of a positive independent Preliminary Economic Assessment study (“PEA”) prepared in accordance with National Instrument 43-101 on the Marathon Palladium and Copper Project (the “Project”) located in Northern Ontario. Generation acquired a 51% interest in the Project from Sibanye Stillwater in July, 2019, and has an option to earn up to an 80% interest by spending $10 million within four years (see Gen Mining’s news release dated July 11, 2019). The PEA provides a compelling base case assessment for the development of the Marathon Palladium Mineral Resource by open pit mining. 

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PGM PROJECTS: Marathon palladium deposit could be mineable

  • Date: 06-01-20
  • Category: PGM PROJECTS
  • Source: Northern Ontario Business

A base metal deposit outside the town of Marathon has the potential to be an open-pit mine. Toronto’s Generation Mining is placing a 14-year mine life on its Marathon Palladium and Copper Project after releasing the results of a favourable preliminary economic assessment (PEA).

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PGM PROJECTS: Noront Announces Issuance of Shares

  • Date: 03-01-20
  • Category: PGM PROJECTS
  • Source: Dodson Digest

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is announcing that it has issued 200,000 units at an issue price of $0.20 per unit in satisfaction of consulting fees. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.30 until December 2, 2021.

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PGM PROJECTS: Environmentalists win new review of Twin Metals mine impact

  • Date: 24-12-19
  • Category: PGM PROJECTS
  • Source: Star Tribune

Environmentalists trying to stop a controversial copper-nickel mine near the Boundary Waters Canoe Area Wilderness in northern Minnesota won a partial victory in a massive federal spending bill that includes a provision for a new study of potential water pollution from the project.

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PGM PROJECTS: Noront Announces Debt Extension and Royalty Sale and Provides Additional Updates

  • Date: 23-12-19
  • Category: PGM PROJECTS
  • Source: Junior Mining Network

TORONTO, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) has extended the terms of its current debt facilities with Franco-Nevada Corporation ("Franco-Nevada") and Resource Capital Fund V L.P. ("RCF V"). The Company’s loan with Franco-Nevada has been extended to September 30, 2022 and the maturity of its convertible debenture with RCF V has been extended to September 30, 2021.

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PGM PROJECTS: Antofagasta’s Twin Metals seeks Minnesota mine approval

  • Date: 19-12-19
  • Category: PGM PROJECTS
  • Source: Seeking Alpha

Twin Metals Minnesota ("TMM"), which is owned by Antofagasta (OTC:ANFGF), submitted its project proposal for a $1.7B copper, nickel and platinum mine for approval; to date, TMM has invested over $450M

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PGM PROJECTS: Twin Metals releases mine plan

REGIONAL— Twin Metals Minnesota has submitted a mine plan to the Department of Natural Resources, a milestone that may one day lead to sulfide-based copper-nickel mining near the edge of the Boundary Waters Canoe Area Wilderness, near Ely. The proposal, released by Twin Metals on Wednesday, calls for a 20,000 ton-per-day underground mining operation located in Lake County, near the shores of Birch Lake, about nine miles southeast of Ely.

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