1-866-985-9780Cosa Resources Corp. recently announced the acquisition of the 100% owned Cosmo uranium property in the eastern Athabasca Basin in Saskatchewan.
North Arrow Minerals Inc. announced that it has granted Springbok Holdings Inc. a 2% diamond royalty on its 100%-owned LDG Project in the Northwest Territories. In exchange, Springbok has agreed to waive its right to receive a future $1 million share payment from North Arrow, which could have been triggered as early as this year if exploration proceeds as planned at the newly discovered spodumene pegmatites on the property. The royalty will apply only to future diamond production and will not apply to other commodities, including lithium.
Though Canada produces over 60 minerals and metals, many of which are crucial to the production of clean technologies and the ongoing shift to a low-carbon future, the sector is facing a tightening labour market, further challenged by issues such as an aging workforce and dwindling enrolment in post-secondary mining-related programs.