THIS IS OUR TIME!

Cont’d from pg. 58

280km north of Nakina, Ontario, which contains the Big Daddy chromite deposit, named the “Big Daddy Project”. The Corporation has a 30% interest in the Big Daddy Project.

CCC is now the Operator of the Black Horse Joint Venture after it had acquired a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of CCC’s equity in the JV) by CCC funding all exploration expenditures. The Corporation had the right to acquire: (i) up to an 80% interest in respect of chromite contained in the Koper Lake Project; and (ii) up to a 20% working interest in respect of the nonchromite minerals contained in the Koper Lake Project.

On September 1, 2022, CCC closed a transaction with Fancamp Exploration Ltd. whereby CCC purchased all of Fancamp’s interest in the Koper Lake claims which consist of 4 “legacy” mining claims. Fancamp retains a 2% Net Smelter Return Royalty. Under the pre-existing KWG-Bold Ventures Inc. Joint Venture agreement, and the Bold-Fancamp Option Agreement, Bold retains a 10% carried interest in chromite and a 40% working interest in all other metals found within the claims. Bold also possesses a Right of First Refusal on a 1% NSR covering all met- als found within the claim group.

“The chromite deposits, I think that Timmins has a strong possibility to secure the smelting capacity here in Timmins. We have what the world wants today.

From a critical mineral supply - we know how to mine correctly in a sustainable fashion. And we do it and we’re committed to it. And we’ve got the people and the technology and the desire to make sure it happens here in Northern Ontario on the back of conferences like this,” added Pirie.

The Minister told the mining audience that everyone in the industry should be proud and excited to be involved in the mining industry.

“We do not take a back seat to anybody globally. Everybody’s going to be proud of the fact that they’re living here in Northern Ontario and involved in this industry. You’ve heard me say this in different presentations in Sudbury, and I’ll say it again right now in Timmins. This is our time. This is a generational opportunity. Because we know what we’re doing, and we know how to get it done.”

Pirie repeated a line he is often using these days –that northern Ontario’s mining industry is turning its attention to mining the fuels of tomorrow, today.

“Remember this one thing. This is our time,” the Minister of Mines said as he concluded his presentation.