news URSA MAJOR MINERALS TEMPORARILY SUSPENDS OPERATIONS AT SHAKESPEARE NICKEL MINE
Ursa Major Minerals Inc. has temporarily suspended operations at the Shakespeare nickel mine, located 70 kilometres west of Sudbury, Ont.
Richard Sutcliffe, Ursa Major's chief executive officer, stated: "Our previous processing agreement expired in December, 2011, and we have not been able to conclude a new processing agreement for Shakespeare ore. Since 2007, Ursa Major's mining operations have demonstrated the consistent quality and metallurgical characteristics of the Shakespeare deposit and contributed to substantially removing risks from the future development of the orebody. The company is evaluating the best options for developing the Shakespeare project which is fully permitted for an on-site mill and related infrastructure."