RE:Most environmental assessments Look like ymi needs to put 350,000 to stay CALGARY, Sept. 16, 2016 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX: YMI) reports that it has been advised by the Toronto Stock Exchange ("TSX") that it is reviewing the common shares of the Company with respect to meeting the continued listing requirement of incurring a minimum of $350,000 in expenditures on its mineral projects during the past year. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process, or its common shares will be delisted from the TSX.
At the present time, the Board of Directors of the Company intends to keep Harper Creek on care and maintenance for the foreseeable future, including through the balance of 2016, until such time as more favorable commodity and capital markets exist that would permit the development of Harper Creek to continue.
About the Harper Creek Project
Harper Creek is a proposed 70,000 tonnes-per-day open pit copper mine with a 28 year mine life, located in the Thompson - Nicola region of British Columbia near Vavenby. If developed, Harper Creek would provide up to 600 jobs during construction and up to 450 permanent jobs during operations.