02 August 2024
02 August 2024
Environmental activists have highlighted scientific findings as evidence of the unknown dangers of sea-bed mining.
The newly combined company has a market capitalisation of around $1.43bn (A$2.2bn).
Polymetals plans to start production from the Endeavor mine in the first half (H1) of 2025.
The scheme would result in Mawson Gold being dual-listed on the Australian Securities Exchange (ASX) and the TSX Venture Exchange.
The companies will utilise glycine leaching technology (GLT) to revitalise the tailings project.
The Hector property consists of 126 contiguous unpatented mining claims in Ontario, Canada.
The in-mine exploration programme targets new zones for resource delineation.
The three-year permit authorises the company to establish up to 40 drill sites and conduct exploration preparatory work.
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