Mink Ventures receives OJEP Grant for Montcalm, closes Warren NSR and Claims

Mink Ventures Corporation has been selected to receive an Ontario Junior Exploration Program ("OJEP") grant from the Government of Ontario to support its ongoing exploration efforts on its Montcalm Ni Cu Co Project, Timmins, Ontario. MINK's, 40 km2, Montcalm project is adjacent to the former Montcalm Mine which produced approximately 3.93 million tonnes grading 1.25% Ni, 0.67% Cu and 0.05% Co (OGS, Atkinson, B., 2010).

Pursuant to the OJEP grant, MINK will receive $77,405 to cover eligible exploration costs on the Montcalm project. MINK was selected for the grant under OJEP's critical minerals stream, which is aimed at facilitating the exploration of critical minerals within Ontario. The program is expected to begin in late September.

Natasha Dixon CEO stated, "We are very pleased to acknowledge the financial support of the Government of Ontario with this non-dilutive capital from the OJEP grant, which supports our exploration efforts for nickel, copper, and cobalt at our Montcalm project. Mink has applied for additional OJEP funding, through the recently announced second grant intake, to support diamond drilling at its Warren copper nickel project."

In addition, the Company announced it has closed the acquisition of the Warren 0.5% NSR and additional claims. (See press release September 7, 2023 for further details.) MINK has issued 225,000 common shares, at a deemed price of $0.155, as aggregate compensation for the purchase. The issued shares are subject to a hold period expiring on January 21, 2024.

About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV: MINK) is a Canadian mineral exploration company exploring for battery metals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its Montcalm project, which covers approximately 40 km2 adjacent to Glencore's former Montcalm Mine with historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010), as well as the recent addition of the Warren copper nickel Project, These complementary Ni Cu projects have excellent access and infrastructure and are in close proximity to the Timmins Mining Camp. 

Tags: Northern Ontario / Government / Gold / All Articles