News Release TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announces the signing of a memorandum of understanding (“MOU”) with Marubeni Corporation (“Marubeni”) that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay’s existing processing
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MANITOBA MINERAL DEVELOPMENT FUND SUPPORTS 11 MINERAL DEVELOPMENT PROJECTS IN NORTHERN MANITOBA – – – Managed by Manitoba Chambers of Commerce, Fund has Leveraged Investments of more than $61 Million To facilitate economic growth, job creation and strong communities in northern Manitoba, the Manitoba government is providing $2.1 million to 11 mineral development projects through
MMDF is providing $225,000 to Rockcliff Metals to advance their high-grade copper-zinc resource base through expansion and growth of their advanced stage deposits in the Snow Lake area. This project adds to the local capacity which is being supported by the other exploration activities in the area. The relationship building with the local First Nation’s
MMDF is providing $300,000 towards Willeson Metal’s drill program. The Beaucage Property is located approximately 55 km by air south-southeast of the Town of Lynn Lake and 34 km west of the Town of Leaf Rapids. Job opportunities and collaborations with the Marcel Colomb First Nations are being pursued.
MMDF is providing $275,000 towards Wolfden’s drill program at their Nickel Island property. This project approval is a reallocation of the approved funds for the Rice Island project (18, 2020). The Project is to ratify the partnership agreement with the Island Lake Tribal Council – to become Wolfden’s Joint Venture partner for mineral exploration within
MMDF is providing $300,000 towards KG Exploration’s project on their Laguna property located on the east side of Wekusko Lake, approximately 18 km to the southeast of the town of Snow Lake. Exploration activities for 2022/23 at the site will involve surface detailed mapping, prospecting, channel sampling and diamond drilling.
MMDF is providing $300,000 towards PBDC’s project to establish a gravel operation under Paskwayak Construction Limited Partnership. The start-up costs for the operation include the purchase of an aggregate crusher/screener, conveyors, operations tower, and hauling trucks. MMDF’s funding will contribute to the purchase of the aggregate crusher.
Manitoba Celebrates Snow Lake Lithium's Study to Establish Strategically Crucial Plant in Province
Snow Lake Lithium Receives $158,000 Grant from MMDF to Support Continued Resource Expansion
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).
