MMDF is providing $500,000 to Callinex Mines for a drilling program at the Pine Bay location, 16 km from Flin Flon. Phase one of the campaign is budgeted for up to 10,000 meters of
drilling that will focus on testing their Rainbow and Alchemist deposits. The completion of their drilling and exploration campaign is expected to lead to a development of a new mine.
Callinex recently announced that it has closed their previously announced brokered private placement offering for gross proceeds of approximately $9.4 million.
Manitoba is located on Treaty 1, 2, 3, 4 and 5 Territories and includes travel through communities who are signatories to Treaties 6 and 10. Manitoba is located on the ancestral land of the Anishinaabeg, Anishininewuk, Dakota Oyate, Denesuline and Nehethowuk Nations, and is the Homeland of the Red River Métis. Northern Manitoba includes lands that were and are the ancestral lands of the Inuit.
The Manitoba Mineral Development Fund respects the spirit and intent of Treaties and Treaty Making and remains committed to working in partnership with First Nations, Inuit and Métis people in the spirit of truth, reconciliation and collaboration. Acknowledging these original caretakers is a reminder of our unique heritage, our important relationships, and our obligations to and shared responsibilities with Indigenous peoples.
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The Manitoba Mineral Development Fund (MMDF) is a provincial fund delivered and administered by the Manitoba Chambers of Commerce (MCC).
