Articles for tag: 74m, approves, borrowing, cleanup, court, Eagle, fund, Yukon

December 16, 2024

Ron Finklestien

mining

Court Greenlights $74 Million Loan for Yukon Eagle Mine Remediation Efforts

Victoria Gold Faces Severe Environmental and Financial Challenges The site is currently facing significant challenges due to temporary containment ponds holding 309,000 cubic meters of contaminated water nearing capacity. According to a PwC update on November 29, these storage constraints will continue until regulators approve the discharge of treated water. Progress on Water Treatment Plant Underway Upgrades to the water treatment plant are ongoing, with final laboratory tests in progress to confirm compliance. PwC reported, “We are working to ensure continuous operation through the winter,” emphasizing the urgency as icy weather approaches. In its update regarding the receivership, PwC noted

May 23, 2024

Ron Finklestien

mining

US Congress to fund $2m Pentagon study on deep sea mining

The process, however, will only begin once the annual defense budget is signed into law later this year. The Pentagon has also been commissioned by Congress to provide a roadmap on how the US could source and possibly process critical minerals. In March, Representatives Carol Miller (R., W.Va.) and John Joyce (R., Pa.) introduced a bill to Congress pushing for the development and financing of deep-sea mining in the U.S., while 30 Republican members of Congress had written a letter last year to US Secretary of Defense Lloyd Austin urging American support for the sector. “This is a big step