https://www.engineeringnews.co.za
Copper|Export|Gold|Mining|PROJECT|Resources|Water
Copper|Export|Gold|Mining|PROJECT|Resources|Water
copper|export|gold|mining|project|resources|water

FireFly secures port access on Green Bay’s doorstep

The Pine Cove port

The Pine Cove port

26th March 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Australia-based FireFly Metals has signed a port access agreement for concentrate from its Green Bay copper and gold project, in Newfoundland, Canada.

The ASX-listed company, which on Tuesday also entered a trading halt pending a capital raise announcement, signed a port access agreement with Maritime Resources, under which it can export up to one-million tonnes a year from the Pine Cove deep-water port.

The port is located just 6 km from FireFly’s Ming copper and gold project in the Baie Verte mining district and can receive Panamax vessels.

“Having open access to such a big port just 6 km away will be extremely cost-effective, low-risk and appealing to potential offtake partners,” said MD Steve Parsons in a statement.

In terms of the agreement, FireFly has agreed to invest C$2.5-million in TSX-V-listed Maritime through the acquisition of 50-million shares at C0.05 each. FireFly also received 3.65-million share purchase warrants with a five-year expiry.

The agreement will remain on foot until March 25, 2074.

Meanwhile, FireFly also announced the resignation of its CFO William Nguyen. He would remain in his role until May 10.

Edited by Creamer Media Reporter

Comments

 

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024
Photo of Martin Creamer
On-The-Air (10/05/2024)
10th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.255 0.311s - 158pq - 2rq
Subscribe Now