Northstar Gold Receives C$627,663 Repayment Under Surgical Mining Project
Northstar Gold (NSG.CN) received receipt of an initial C$627,663 Digital co-investment reimbursement under the Surgical Mining for Critical Minerals project, it said in a statement on Monday.The Surgical Mining for Critical Minerals project is a collaborative initiative involving Novamera Inc., Micon International, and Digital, Canada's Global Innovation Cluster for digital technologies, it said. The reimbursement is Northstar's first cash payment under the consortium's project agreement and reflects project expenses incurred at the company's Cam Copper Zone 2 Surgical Mining initiative at the Miller Copper-Gold property located near Kirkland Lake, Ontario, the company said.The payment was generated from about C$2.14 million in approved eligible project expenditures, resulting in a Digital co-investment contribution of C$750,524. Northstar remains eligible to receive about C$1.2 million in additional Digital co-investment funding, subject to completion of approved project activities, eligible expenditures and customary claim approvals under the MPA, it said.The company expects additional reimbursements periodically over the balance of the about two-year Surgical Mining for Critical Minerals project.
