- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
A gold mine being developed in Northern Manitoba, Canada, has some more elbow room thanks to a deal with an Australian resources fund.
A gold mine being developed in Northern Manitoba, Canada, has some more elbow room thanks to a deal with an Australian resources fund. Winnipeg Free Press reported on Friday that the Pacific Road Resources Fund has agreed to invest up to $40 million in Mega Precious Metals Inc (TSXV:MGP), an Ontario-based company trying to put the Monument Bay project into production.
As quoted in the press release:
The company’s exploration work to date estimates the resource could contain 3.6 million ounces of gold. In February, Mega announced there may also be tungsten deposits.Â
The initial funding will go toward producing a preliminary economic assessment and a pre-feasibility study, all stages along the way for a mine to justify the various permits it will require as well as proving its economically viability.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â