The C$60 million in funding, subject to final due diligence by Natural Resources Canada (NRCan), will be divided between two key infrastructure projects for critical minerals mining, one in each region.
Approximately C$20 million will fund the construction of a 43-km access road linking the proposed Galore Creek copper mine located in Tahltan Territory in northern BC. The deposits at Galore Creek are estimated to contain over 12 billion lb. of copper, which would significantly increase Canada’s annual copper supply once in production. The mine is being developed under a 50/50 joint venture between Newmont and Teck Resources.
The other C$40 million will be used by the Yukon government to undertake pre-feasibility activities to advance a 765-km, high-voltage transmission line network that would connect the Yukon electrical grid to the North American grid in BC. The transmission line, says NRCan, could support projects producing…
