Mink Ventures Corporation (TSXV: MINK) has been selected to receive an Ontario Junior Exploration Program grant from the Government of Ontario to support its ongoing exploration efforts on its Montcalm Ni Cu Co Project, Timmins, Ontario.
MINK’s, 40 km2, Montcalm project is adjacent to the former Montcalm Mine which produced approximately 3.93Mt grading 1.25% Ni, 0.67% Cu, and 0.05% Co.
Pursuant to the OJEP grant, MINK will receive C$77,405 to cover eligible exploration costs on the Montcalm project. MINK was selected for the grant under OJEP’s critical minerals stream, which is aimed at facilitating the exploration of critical minerals within Ontario. The programme is expected to begin in late September.
Natasha Dixon CEO stated, “We are very pleased to acknowledge the financial support of the Government of Ontario with this non-dilutive capital from the OJEP grant, which supports our exploration efforts for nickel, copper, and cobalt at our Montcalm project. Mink has applied for additional OJEP funding, through the recently announced second grant intake, to support diamond drilling at its Warren copper nickel project.”
In addition, the Company announced it has closed the acquisition of the Warren 0.5% NSR and additional claims. MINK has issued 225,000 common shares, at a deemed price of $0.155, as aggregate compensation for the purchase. The issued shares are subject to a hold period expiring on 21 January 2024.
To read more about this, please visit www.minkventures.com
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