“In its drive to produce copper without polluting more, Foran’s project will help reinforce Canada’s position as a global supplier of choice for clean technology, clean energy and the resources the world needs to build a prosperous economy,” stated Jonathan Wilkinson, Minister of Energy and Natural Resources, in a press release.
Pending final due diligence and a definitive agreement, the C$20 million CMIF funding will go towards the construction of a hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure at McIlvenna Bay.
Commenting on NRCan’s support, Foran’s CEO Dan Myerson said: “The investment in developing a hydro transmission line and supporting infrastructure will deliver renewable hydropower to our operations and open up a new critical minerals and mining district in Canada for generations to come – a key step in our plan to achieve net-zero…
