The Sisson project holds one of the world’s most significant tungsten reserves and is fully permitted at the federal and provincial levels. Credit: Northcliff Resources
Northcliff Resources (TSX: NCF) received an C$8.2 million ($6 million) investment from the Canadian government this week to help advance its Sisson tungsten-molybdenum project in New Brunswick.
The sum adds to $15 million in US Defense Production Act funding announced in May. The $29 million funding will help the project become a top tungsten producer outside China, the company said on Thursday.
“Bilateral investments by the Canadian and US governments are being made to ensure that the minerals are available to support newly developing technologies as well as maintain security of supply and North American industrial competitiveness,” Northcliff chairman and CEO Andrew Ing said in a release.
“Northcliff has the opportunity to…
