Northern Graphite Submits Closure Plan For Bissett Creek Mine

Northern Graphite Corporation (TSXV:NGC,OTCQX:NGPHF) announced a mine closure plan for Bissett Creek Mine.

As quoted in the press release:

The MCP is an all-encompassing document that describes, in detail, the nature of the operations that will be carried out, the current baseline environmental conditions, and the Company’s plan for rehabilitating the site and returning it to its natural state at the end of mining operations. The MCP is a requirement of the Ontario Mining Act and must be filed prior to commencement of mining operations. A financial assurance that guarantees the Company’s rehabilitation obligations under the MCP must be provided to the MNDM as part of the filing process. The financial assurance has been estimated at $1.6 million which reflects the relatively benign nature of the operation, neutral tailings and the ability to practice progressive rehabilitation due to the shallow, flat lying nature of the deposit.

Click here to read the Northern Graphite Corporation (TSXV:NGC) press release.