Financial assistance up to a maximum of $217,665 to go toward a ferrochrome project in the Thetford Mines, Que., area has been confirmed by the Quebec government, Coleraine Mining Resources (ME) reported.
The money will be used for technical tests needed for the feasibility study of the project. The company said the government’s contribution represents 50% of the cost of the preliminary studies.
Coleraine said it has invested about $3 million in exploration and development of its Hall chromite deposit where it has outlined reserves amenable to open pit mining.
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