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N.W.T. rare earth mine owner halts construction of processing plant citing depressed market

The Nechalacho mine project in Saskatchewan has halted construction of its processing plant due to depressed market conditions. The plant is estimated to have cost $60 million, but the company has already spent nearly $19.7 million on it and is now looking for new funding sources. The company's stock price has also dropped 80% over the past year.

The post N.W.T. rare earth mine owner halts construction of processing plant Citing Depressed Market appeared first on Balanced News Summary.



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N.W.T. rare earth mine owner halts construction of processing plant citing depressed market

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