North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Fireweed Zinc cuts deal to buy Mactung

Adds to growing portfolio of Yukon, NWT critical metals assets North of 60 Mining News – June 10, 2022

 

Last updated 6/16/2022 at 1:29pm

No. 74 on the periodic table, tungsten is known for its hardness and durability.

North American Tungsten

The Mactung project hosts hosts 33 million metric tons of indicated resource averaging 0.88% tungsten, a metal critical the United States, Canada, and European Union.

Fireweed Zinc Ltd. has agreed to buy the Mactung tungsten project from the Northwest Territories government for C$15 million (US$11.8 million), an acquisition that further expands the company's growing portfolio of critical mineral assets.

Mactung lies within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, as well as the Sahtu Dene and Métis land claims sett...



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