exploration company eyes new life for cantung mine mill - lithium batteries for sale
A sealed tungsten mine along the north. W. T.
The Yukon border area has not been in operation for more than two years, but an exploration company hopes that the mine snow silent factory can help the nearby lithium mine see the dawn. Vancouver-
Equator Exploration Company headquarters
This summer, the company will add an extensive drilling project to the small Nahanni weijingyan Group property in chorechoregion to look for metals.
It plans to spend $1 to $2 to complete the work.
Equitorial CEO Jack Barr said his company may be ready to explore the use of the Cantung plant after the end of this summer's drilling program.
"We are interested in talking about [
To the government.
See if we can use their facilities . "
"If we can create a concentrate that can be sold. . .
The facility does work with our ore, then the economy of our project will soon be better.
Barr explained that the biggest obstacle to a new mining project is usually the lack of infrastructure, but as far as the property is concerned, it has been a year since
Due to the previous road to Cantung and a separate road to the Howard pass zinc bed, the road is also nearby.
Selwin Chihongto spent $ 56Mon proposing that American writers, through mineTom Hoefer, executive director. W. T.
/Nunavut Mining room, impressed by Bar's idea of Canton Mill. "Trying to re-
"My purpose is to build a mine that already exists, and that's really innovative thinking," he said . ".
"It would be interesting if this could happen, and it would certainly be more attractive to their cost.
"But even for the government that is considering a clean-up bill ,[for Cantung]
This can provide some great help at this point.
"When North American Tungsten Corporation (formerly operating Cantung) went bankrupt in 2015, the mine was largely abandoned.
The devolution agreement, signed in 2014, transferred the management of land and resources from federal hands to territorial hands.
Including responsibility for clearing mines.
The agreement provides that the federal government will continue to be responsible for mines in pre-handover operations, including Cantung.
But there's a problem. N. W. T.
After YukonNorth america tunsten used another mineral lease, the purchase of Mactung rights received a different response
A nearby tungsten mine called Mactung
As collateral for the cost of Cantung cleanup.
Mactung was sold in the process of bankruptcy management, but according to the United NationsW. T.
The government, no one offered an acceptable bid.
A clause in the handover agreement requires the United NationsW. T.
The government will buy the Mactung lease for $2.
5 million as a provision for the federal government to take over the responsibility of Cantung.
Cantung can still be purchased.
Stephanie Palma, spokesman for Aboriginal and Northern Canada, told the CBC in an email that the department was "still willing to express interest in [Cantung].
United Nations spokesman Drew WilliamsW. T.
The Ministry of Industry, Tourism and Investment told the CBC in an email that the current kanteming mine and factory license was specifically used to mine tungsten.
"However, there will be different waste output from lithium deposits, so the current license must be modified at least," he said . ".
"If the change is large enough, reference to the assessment can be made.
"Awarez and MarsalCanada Inc. is the court-
The care and maintenance operation monitor for Cantung mine was ordered.
The management of equal exploration said they had reached an agreement with Alvares and malsalon on the future of the mine, but no formal agreement was reached between the two companies.
In recent years, with the development of electric vehicles, solar panels and rechargeable lithium, the demand for lithium is increasing. ion batteries.
Analysis | the wait is over.
The battery revolution is here: Don PittisIN depth | demand for Tesla electric vehicles is N. W. T.
Lithium cobalt minesIn 2005, the global price of lithium batteries sitting at about $20 million metric tons.
Since 2015, prices have begun to grow rapidly as these technologies become more economical.
According to the metal price watch website metalary, today's price is around $9,000 per metric ton. com.