https://www.miningnewsnorth.com/story/2024/09/27/news/ottawa-invests-60m-in-northern-bc-yukon/8720.html North of 60 Mining News - September 20, 2024
Investments will support infrastructure for critical mineral projects in the Golden Triangle and the Yukon.
Toward the goal of positioning Canada as a global leader in the production of minerals essential to the clean energy transition, Ottawa is investing C$60 million (US$44.2 million) in energy and transportation infrastructure in the Yukon and British Columbia's Golden Triangle.
"These investments are needed to support critical minerals development in the region, improve community access and safety, and create good mining jobs across British Columbia and the Yukon," Canada Minister of Energy and Natural Resources Jonathan Wilkinson said in a statement introducing the investments.
this funding being provided through the Critical Minerals Infrastructure Fund (CMIF) will support the building of a road to the world-class Galore Creek copper project in Northern B.C. and the advancement of a high-voltage transmission line that would connect the Yukon electrical grid to the North American electrical grid.
"These two projects, under the Canadian Critical Minerals Strategy's flagship program, will develop the necessary infrastructure to access and transport our rich critical mineral resources in northern B.C. and the Yukon," Wilkinson added. "Developments like these help mines get built faster, and they are a key element in seizing the generational opportunity before us."
Galore Creek Road
NRCan has conditionally approved up to C$20 million (US$14.7 million) to support the construction of a 43-kilometer (27 miles) road to Galore Creek, an enormous copper-gold mine project within the Tahltan Nation Territory in northwestern B.C.
"Canada's support for Galore Creek represents confidence in our project, our owners, the relationships we have fostered with the Tahltan Nation and our commitment to responsibly developing a world-class copper-gold mine," said Rob Mean, general manager of Galore Creek Mining Corp., a 50-50 joint venture between Newmont Corp. and Teck Resources Ltd.