28 February 2024
28 February 2024
The property comprises the past-producing Greyhound and Bulldog high-grade silver/gold mines.
The company is not making a monetary payment to Pan American Silver linked to the deal.
The new venture is expected to extend the life of the Raglan Mine's operations by at least two decades.
The grant was given by the Canadian Government from the Low Carbon Economy Fund.
The move has been welcomed by Australian miner Aura Energy, which holds a large deposit in Sweden.
The company has acquired the remaining 49% stake in the project by drilling an additional 2,000m, among other moves.
The mines are based in Colorado and Wyoming, US.
The Murphy Lake Property is located in the north-eastern corner of the Athabasca Basin and spans around 6.1km².
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