Natural Resources Canada: Canada and United States Co-Invest to Unlock Critical Minerals Development in Yukon

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Canada and United States Co-Invest to Unlock Critical Minerals Development in Yukon

by Natural Resources Canada on Friday 13 December 2024 09:17 PM UTC+00 | Tags: news-releases
Today, the Honourable Jonathan Wilkinson, Canada's Minister of Energy and Natural Resources, announced a co-investment with the United States in the Canadian mining company Fireweed Metals Corp. (Fireweed). Fireweed will receive up to CA$12.9 million (approximately US$9.2 million) from Natural Resources Canada for its North Canol Infrastructure Improvement Project, pending final due diligence, for pre-development activities by the company such as design, studies and collection of baseline data, as well as engagement and consultations with First Nations. These pre-development activities will focus on improvements of approximately 250 kilometres of road, upgrades to an existing transmission line between Faro and Ross River, and the construction of a new transmission line from Ross River to the Macmillan Pass site. This infrastructure will be key to the development of Fireweed's Critical minerals projects in eastern Yukon.
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