The Conversation (2)
Yellowhead Mining Inc.(TSX:YMI) announced that the BC Premier, Christy Clark has given support to bring power to North Thompson Valley. Yellowhead will now be able to power its mines in the North Thompson Valley. Yellowhead is now aiming to start construction in Q3 2013.
As quoted in the press release:
The Company is on schedule to submit its Environmental Application in November and is actively engaged in discussions with potential strategic partners, equipment manufacturers, and financial institutions. The Company expects to shortly appoint a financial advisor for the overall debt financing.
Yellowhead Mining, President and CEO, commented:
I’ve always said our biggest asset is the support we’ve got from the North Thompson communities. Now that we have support from the Premier and her government, that’s the icing on the cake. With this commitment, we hope to connect before the end of 2015, with start-up shortly thereafter.. Now that we have a target that we can work to, we can get into a position to break ground and create jobs … and that’s what it’s really all about, so there’s no need [for local residents] to drive 12 or 13 hours to Alberta to work.
Click here to read the Yellowhead Mining Inc. (TSX:YMI) press release
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