Canadian Critical Minerals Executes Facilities Agreement to Restart Bull River Mine, Canada
Canadian Critical Minerals has executed a facilities agreement (FA) with British Columbia Hydro and Power Authority (BCH) for its Bull River Mine project near Cranbrook, British Columbia.
The FA was completed following a facilities study (FS) by BCH to define interconnection requirements and establish a timetable for BCH’s ability to meet the company’s proposed service date. The reconnection is scheduled to be completed on or before June 30, 2023.
The Bull River Mine project is currently connected to BCH through service line which is sufficient to continue with care and maintenance activities including dewatering of the underground mining infrastructure. Under the new FA, BCH will reconnect the company to an transmission line which will provide up to 5,000 kVA in contract demand to the property. The increased demand is required for the company to restart the mill and resume underground mining operations. The new transmission interconnection provides for reductions in energy and demand charges relative to the current unit rates.
“To-date reconnection to the 66kV transmission line has been delayed pending delivery of some key electrical components including switchgear. All key components have now been secured. We look forward to working with BCH to complete the reconnection,” said Ian Berzins, president and CEO.
Canadian Critical Minerals changed its name from Braveheart Resources on January 19. They are in the process of rebranding its new logo.
“We initiated the name change to better reflect the company’s current focus on developing its past-producing mining assets in Canada in the battery and critical minerals space. The Bull River Mine project is our most advanced asset and we continue to work with regulatory authorities to restart the mine. The Thierry Mine project is one of the largest known copper deposits in Ontario and is in close proximity to existing infrastructure such as roads, grid power and mining communities. In addition to copper, the Thierry Mine project has other critical minerals including nickel, palladium and platinum,” said Berzins.
About Canadian Critical Minerals
Canadian Critical Minerals Inc.is a mining company primarily focused on the development of two near-term copper production assets in Canada. The company’s main asset is the 100 percent owned Bull River Mine project near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. The company’s latest acquisition is the 100 percent owned Thierry Mine project near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum, and gold.
To stop by Canadian Critical Minerals’ website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2022 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
