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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The Company holds an approximately 88.5% controlling interest in and is the operator of the advanced-stage Sisson Tungsten-Molybdenum Project in New Brunswick. The Sisson Project has approximately 14,140 hectares. The Sisson Project has the potential to become a near-term critical metal producer, providing new primary supply of tungsten and molybdenum to North American, European and Asian markets. The Sisson Project is based on a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining.


TSX:NCF - Post by User

Post by seveneleven711on Mar 24, 2024 11:17am
93 Views
Post# 35949476

fyi

fyi

"Canada is considered a domestic source by the US government"

___________________________________________________________________________

While Stantec Consulting prepared the environmental impact assessment (EIA) report, Samuel Engineering completed the feasibility study for the project in January 2013.

Moose Mountain Technical Services was engaged for the mine design and production planning in 2012, while Jacobs Engineering Group was engaged for planning and engineering services for the plant and associated site infrastructure in June 2014.

Knight Pisold Consulting was engaged for geotechnical services, while Roscoe Postle Associates (RPA) provided the resource estimate for the Sisson Project.

Bolu Consulting Engineering was contracted for the concentrator design, while Gene Greskovich was engaged for the APT process, layout, and mechanical design.

A new 138kV power transmission line will also be constructed for supplying up to 50MW of electricity to the Sisson project site.

The Environmental Impact Assessment (EIA) for the project was approved by the provincial and federal governments in March 2015 and June 2017 respectively.

***PROJECT FINANCING CONSIDERATIONS • Tungsten & Molybdenum concentrates (offtaker-based) eligible for untied Export Credit Agency (ECA) support to guarantee commercial bank debt (up to 90%) • Tied ECA financing available depending on EPC strategy and equipment sourcing.(from website)

Implement the committee's directives – DPA is currently reviewing Northcliff’s Whitepaper submission (June 2023) for its Title III Funding Opportunity Announcement (FOA) FA8650-19-S-5010 • Develop and implement a comprehensive strategy for diversifying critical mineral supply chains – Canada is considered a domestic source by the US government • Invest in domestic production and processing capabilities – Production from the Sisson Tungsten-Molybdenum Project could be further processed or used in downstream supply chain activities in the US • Collaborate with allies and partners to secure critical minerals – Canada is considered a domestic source by the US government. (from website)

*** Enhanced national security by reducing reliance on China – Sisson TungstenMolybdenum Project has the potential to be the largest producer of tungsten outside of China • Increased supply chain visibility and resilience – Canada is considered a domestic source by the US government • Strengthened domestic critical mineral production – All major approvals received, pre-construction conditions currently being addressed, construction start deadline December 2025 • Supporting a close partner and ally, Canada – Sisson Tungsten-Molybdenum Project is located in eastern Canada. (from website)

 You might want to do some DD on Export Credit Agency and Defense Production Act Title III.  https://www.businessdefense.gov/ibr/mceip/dpai/dpat3/docs/DPA-TitleIII-Overview.pdf
Good Luck

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