Nord Precious Metals Mining [TSX.V:NTH] said this week it was accelerating its tailings recovery strategy following indications from Ontario’s Minister of Mines George Pirie, who emphasized in a recent strategy document that Ontario is committed to expediting mining projects.
The comments by Pirie were made in a pre-release document on the Ontario mining sector, published by Global Business Reports. “These new changes will be incorporated into the Red Tape Reduction Bill, aiming to streamline the mine approval and permitting process,” Pirie wrote. “Our largest policy initiative currently is the ‘One Project, One Process’ initiative, which aims to break down the confusion and delays Indigenous communities and mining companies encounter.”
Frank J. Basa, President and CEO, added: “Ontario has modernized its approach to mine waste reprocessing. Nord is uniquely positioned to move first and fast – we have the processing facility, the proven results, and importantly, the high-grade silver tailings ready for recovery.”
Nord believes it is positioned to be a first mover under Ontario’s modernized mining strategy. Its Miller Creek and Beaver sites hold high-grade silver tailings and a processing facility and lab ready for immediate use. The company also has a gravity concentration system in place for near-term production.
The new Strategy Document highlights Ontario’s commitment to streamline permitting processes, particularly for projects that transform legacy mining sites into new assets. Nord’s Miller Creek and Beaver tailings sites, exemplify the type of project Ontario aims to fast-track.
[More]
