Cannara Biotech – www.shopCBD.com
Cannara Biotech (CSE:LOVE)(FRA:8CB)
Headquartered in Montreal, Cannara Biotech is entering the U.S. THC-CBD market, through a subsidiary, with an on-line e-commerce platform called shopCBD.
“We are taking a leadership role by creating a hub for vendors to showcase their products and consumers to purchase hemp-CBD products in a fast and easy way. We want to become the Amazon of CBD,” – ZOHAR KRIVOROT – CEO and Founder
Highlights
- Zohar Krivorot, president and chief executive officer of Cannara Biotech is a 15-year veteran in the tech and on-line industries.
- Cannara Biotech is building the largest indoor cannabis cultivation facility in Quebec and one of the largest in Canada
- shopcbd.com is a platform that will showcase hemp-CBD retail products including tinctures, oils, capsules, body care, vape cartridges and pet-related CBD infused treats
- The indoor facility offers lower risk of airborne infections, mold/mildew and produces a higher grade of cannabis
- The new e-commerce platform will showcase retail products from hemp-CBD manufacturers for the U.S. consumer market
- shopCBD will provide a user-friendly on-line experience where consumers can purchase, review and compare a variety of CBD products
Trending
- With the recent passing of the 2018 Farm Bill in the U.S., CBD represents an emerging sector with many vendors seeking national reach to U.S. customers.
- The company’s strategy is to offer a wide variety of products from leading CBD brands, with competitive pricing and delivery times across the U.S.
- The rise in popularity for CBD products is driven by consumers seeking natural-based health and wellness solutions to treat various ailments from inflammation, anxiety to insomnia amongst many others.
- The hemp-derived CBD market is expected to reach $22-billion (U.S.) by 2022 according to industry analysts at Brightfield Group.
Alongside the e-commerce, on-line platform, Cannara Biotech will have on-site independent THC and CBD brands, following the adoption of regulations on cannabis-infused edibles and beverages, that will produce and ship from the facility. Cannara Biotech’s facility will be a multi-purpose facility that will cultivate recreational cannabis and produce cannabinoid-infused products including edibles, cosmetics, pet products and beverages. These products will be shipped to stores and retail outlets in Canada and to international markets.
Cannara Biotech went public in Q1 of this year and is being traded on the CSE under the ticker “LOVE” and on the FRA under the ticker “8CB”. As of February 12th, 2019, LOVE closed at .22.
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Isabelle Arsenault
Media Relations
MomentumPR
- Published in Cannara, Marijuana, Medical Marijuana
Cannara Biotech – Quebec’s largest cultivation facility
Cannara Biotech (CSE:LOVE)(FRA:8CB)
Headquartered in Montreal, Cannara Biotech is building the largest indoor cannabis cultivation facility in Quebec and one of the largest in Canada, a modern and secure 625,000-square-foot facility in Farnham, Quebec.
“Being in Quebec allows us to take advantage of the low cost of electricity and gives us a cost advantage over our competitors.” – ZOHAR KRIVOROT – CEO and Founder
Highlights
- Some 100,000 kg of cannabis production is expected per year once all 3 phases are operational. Today, phase 1 is being built with completion expected end of Q2 2019. Once completed, yield is expected at 15,000 kg.
- Cannara Biotech has raised $55M to date, has acquired 19 provisional patents for product exclusivity, and has developed 8 assorted THC/CBD infused product brands to add to their offerings.
- Low electricity cost in Quebec as well as reduced labour cost compared to the rest of Canada gives the Company a cost advantage over their competitors.
- Independent THC and CBD brands will be produced on-site accelerating speed to market.
- The Company will leverage the facility with joint-ventures to produce edibles, pet-products, cosmetics and beverages once the processing license is secured which is estimated for the end of 2019.
- The advantage of growing in an indoor facility offers lower risk of airborne infections, mold/mildew and produces a higher grade of cannabis.
- Cannara Biotech is building an online e-commerce platform (shopCbd.com) that will serve as a podium and distribution channel for US-CBD brands for the American market.
Closer look
Phase 1 will provide 130,000ft2 of growing space. Growing is expected to commence in the fall of 2019 with an estimated yield of 15,000kg.
Cannara Biotech raised $55 million from private investors during the introduction of this project and still have over $40 million in the bank with Phase 1 fully funded.
Phase 2 forecasted to be running by 2020 is 205,000ft2 and likely to yield 38,000kg per year. Phase 3 aiming to be operational in 2022 is 277,000ft2 and expected to produce 55,000kg per year. Cannara Biotech is looking to produce over 100,000kg per year once fully operational.
Currently, 300 sq. ft. space for Phase 2 is being rented by occupants that contribute to a rental revenue of $2 million per year. These earnings pay the monthly fee for the whole facility.
Cannara Biotech’s strategy is also to maximize on the low electricity rates Quebec has with its Hydro and low labour rates in Quebec.
Growing indoor cannabis often results in a higher grade of cannabis. Growing in a controlled environment, protected from many outdoor ailments and mildew creates a more consistent and desirable product for buyers and consumers.
Alongside selling cannabis to intermediaries who will transform the crop into their desired product, Cannara Biotech will have on-site independent THC and CBD brands, following the adoption of regulations on cannabis-infused edibles and beverages, that will produce and ship from the facility. Cannara Biotech’s facility will be a multi-purpose facility that will cultivate recreational cannabis and produce cannabinoid-infused products including edibles, cosmetics, pet products and beverages. These products will be shipped to stores and retail outlets in Canada and to international markets.
Cannara Biotech went public in Q1 of this year and is being traded on the CSE under the ticker “LOVE” and on the FRA under the ticker “8CB”. As of February 12th, 2019, LOVE closed at .22.
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Isabelle Arsenault
Media Relations
MomentumPR
Crystal Lake gets TSX-V OK for Ont. claims purchase
Momentum Public Relations
Press Release: February 27 2018
PROPERTY ASSET AGREEMENT APPROVED AS CRYSTAL LAKE TARGETS RAINY RIVER DISTRICT FOR NEW NICKEL-RICH SULPHIDE DISCOVERIES
The TSX Venture Exchange has accepted for filing a purchase agreement dated Sept. 28, 2017, between Crystal Lake Mining Corp. and Emerald Lake Development Corp., a private Ontario company, whereby Crystal Lake has acquired certain mineral rights subject to a 2-per-cent net smelter return located in the Rainy River district near Emo, Ont.
As consideration for 100 per cent of the mineral rights, Crystal Lake will pay $50,000 on closing and issue 10.5 million common shares of the company. Significantly, the vendor has agreed to an 18-month voluntary hold period on selling the shares issued in connection with the transaction. For further information, please refer to the company’s news release dated Oct. 5, 2017.
The transaction is arm’s length in nature, and there are no finders’ fees.
The six separate prospective claim blocks that have been acquired are targeting nickel, copper, cobalt and platinum group minerals.
Crystal Lake is rapidly approaching the start of its exploration/drilling program and eagerly anticipates updating shareholders regarding its plans in the very near future.
About Crystal Lake Mining Corp.
Crystal Lake Mining is a Canadian-based junior exploration company focused on building shareholder value through new nickel-rich sulphide discoveries in the underexplored Rainy River district of Northern Ontario using technical excellence in exploration target development and technologies.
We seek Safe Harbor.
- Published in Crystal Lake Mining
Alliance Mining Receives Drill Permit for Packsack Gold Property, Bissett Gold Camp, Manitoba
Momentum Public Relations
Press Release: February 22 2018
Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the
“Company”) has received a drill permit for its upcoming drill program on its Packsack gold
property (part of the company’s Red Rice Lake gold property in Manitoba’s Bissett gold camp).
The Packsack property hosts several gold-bearing veins within a conjugate fracture set adjacent
to the Red Rice shear zone. Previous exploration on the Packsack property has been focused on
the Big Dome Vein, with a shaft to 525 ft (160 m) and 2867 ft (874 m) of drifting and
crosscutting on 4 levels down to 500 ft (152 m), all completed between 1936 and 1940. The
structural control on veining at the Packsack property is similar to that at the True North Mine, 4
km northeast, operated by Klondex Mines Ltd.
Taken February 20 2018 – Marking Proposed Packsack Drill hole #1
“We are looking forward to receiving drill results from this promising gold property’ said
Christopher Anderson, President of Alliance Mining Corp. “This property has never been
explored below the shaft that was sunk in the 1930’s.”
Alliance is anticipating its drill program will commence in the near future. The company will be
releasing a more comprehensive description of drill targets and locations shortly.
Alliance is also pleased to announce that it has retained consulting geologist William C. Hood,
P.Geo to supervise the Packsack drilling program and to assist with expanding Alliance’s
involvement in the Bissett gold camp. Mr. Hood has four decades of mineral exploration
experience and has supervised multiple drill and exploration programs in the Bissett gold camp.
Alliance Mining has an option to acquire 100 per cent of the Red Rice Lake property located in
the centre of the Bissett gold camp in Manitoba. The property is located close to the town of
Bissett, Man., and just four kilometres south from Klondex Mines' producing True North gold
mine. The Red Rice Lake gold property claims are located within the Archean Rice Lake
greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that
includes the Red Lake and Pickle Crow belts in Northwestern Ontario.
Alliance is actively seeking to expand its presence in the Bissett Gold camp through future
property acquisitions and/or potential joint venture exploration partnerships with neighbouring
companies. At present Alliance is actively working with its Manitoba based geological team to
prepare for its upcoming exploration program. Further information is available on Alliance’s
website at www.alliancemining.com.
William C. Hood, P.Geo, a qualified person as defined by National Instrument 43-101, is
responsible for the technical information contained in this news release.
ON BEHALF OF THE BOARD
“Christopher R. Anderson”
President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
- Published in Alliance Mining
Alliance Mining Initial Payment to Tiberius Gold Corp.
Momentum Public Relations
Press Release: February 20
Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) is pleased to announce it has made the first payment of $250,000.00 by issuing 5 million common shares of its capital to Tiberius Gold Corp. in connection with the option agreement between Alliance Mining Corp. and Tiberius Gold Corp. Alliance may acquire 100 per cent of Tiberius’s property located in the centre of the Bissett gold mine camp in Manitoba. Under the agreement, Alliance may earn in a 100-per-cent interest in the property by making certain staged cash payments and/or share payments of common shares in the capital of Alliance to Tiberius over a four-year period equal to a total of $1.25-million as follows: (i) $250,000 in cash and/or common shares on or before 90 days of the TSX Venture Exchange’s approval of the transaction; (ii) $250,000 in cash and/or common shares on or before the first anniversary of the approval date; (iii) $250,000 in cash and/or common shares on or before the second anniversary of the approval date; $250,000 in cash and/or common shares on or before the third anniversary of the approval date; and $250,000 in cash and/or common shares on or before the fourth anniversary of the approval date.
The 5 million shares paid to Tiberius Gold Corp. are subject to a 4 month statutory hold period in accordance with applicable securities laws.
Alliance is actively seeking to expand its presence in the Bissett Gold camp through future property acquisitions and/or potential joint venture exploration partnerships with neighbouring companies. At present Alliance is actively working with its Manitoba based geological team to prepare for its upcoming exploration program.
Alliance Mining has an option to acquire 100 per cent of the Red Rice Lake property located in the centre of the Bissett gold camp in Manitoba. The property is located close to the town of Bissett, Man., and just four kilometres south of Klondex Mines’ producing True North gold mine.
The Red Rice Lake gold property claims are located within the Archean Rice Lake greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that includes the Red Lake and Pickle Crow belts in Northwestern Ontario.
ON BEHALF OF THE BOARD
Al Beaton PEng
Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations:
Antony Claydon: 604-445-5421
E-mail: ir@alliancemining.com
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Alliance Mining Corp.
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4
To view the associated document to this release, please click on the following link:
public://news_release_pdf/AllianceMining02202018.pdf
To view the original release, please click here
Source: Alliance Mining Corp. (TSX Venture:ALM)
To follow Alliance Mining Corp. on your favorite social media platform or financial websites, please click on the icons below.
- Published in Alliance Mining
Alliance Mining Purchases NSR
Momentum Public Relations
Press Release:February 14 2018
Alliance Mining Corp. (TSX-v: ALM) (“Alliance” or the “Company”) announces it has agreed to purchase the Net Smelter Rights (“NSR”) on the Cud 1 and Cud 2 claim blocks which are part of the Company’s Red Rice Lake gold property in the Bissett Gold Camp. The Company agrees to pay the Seller $10,000.00(CDN) in stock of its common shares (based on 5 cents/share CDN).
Alliance is actively seeking to expand its presence in the Bissett Gold camp through future property acquisitions and/or potential joint venture exploration partnerships with neighbouring companies. At present Alliance is actively working with its Manitoba based geological team to prepare for its upcoming exploration program.
Alliance Mining has an option to acquire 100 per cent of the Red Rice Lake property located in the centre of the Bissett gold camp in Manitoba. The property is located close to the town of Bissett, Man., and just four kilometres south from Klondex Mines’ producing True North gold mine.
The Red Rice Lake gold property claims are located within the Archean Rice Lake greenstone belt in southeastern Manitoba. This belt forms part of the Uchi sub province that includes the Red Lake and Pickle Crow belts in Northwestern Ontario.
Mr. Al Beaton PEng is a Qualified Person as defined by NI 43-101. Mr. Beaton has approved the technical content contained in this press release.
ON BEHALF OF THE BOARD
Al Beaton PEng
Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Alliance Mining Corp.
(604) 488-3900
Investor Relations:
Antony Claydon: 604-445-5421
E-mail: ir@alliancemining.com
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Alliance Mining Corp.
888 Dunsmuir Street – Suite 888, Vancouver, B.C., V6C 3K4
To view the associated document to this release, please click on the following link:
public://news_release_pdf/AllianceMining02142018_0.pdf
- Published in Alliance Mining
Tetra Bio-Pharma Announces the Signature of a Letter of Intent to Monetize GrowPros and its Late Stage ACMPR Application
Momentum Public Relations
Press Release: December 21, 2017
Tetra Bio-Pharma Inc. (“Tetra” or the “Company”) (TSX VENTURE:TBP)(OTCQB:TBPMF), a global leader in cannabinoid-based drug development and discovery, is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) with a private Canadian corporation (the “Purchaser”) and has started a transaction to monetize GrowPros (GrowPros MMP Inc., Tetra’s wholly-owned subsidiary) (the “Potential Transaction”), to allow Tetra to focus its activities on the drug development and its clinical trials of its pharmaceutical business. With this transaction, Tetra is expected to receive $350,000 and ensure another supply source of cannabis with pharmaceutical GMP quality for the pipeline of products under development.
It is expected that the Proposed Transaction would include the following main terms:
- Acquisition by the Purchaser of all the issued and outstanding shares of GrowPros held by the Company;
- Tetra will receive $350,0000 for the Potential Acquisition composed of (i) a first installment of $175,000 which was paid at the time of the signing of the LOI, (ii) a second installment of $175,000 which will be paid following signing of the definitive agreement giving effect to the LOI (the “Definitive Agreement”) and (iii) subject to stock exchange and securities regulatory approval and following the Purchaser’ initial public offering, 15,000,000 common shares of the Purchaser which would represent approximately a 33% equity interest in the share capital of the Purchaser post-initial public offering. The intention is for Tetra to eventually distribute these shares as a dividend in kind to its shareholders on a pro-rated basis;
- Purchaser’s responsibility to move GrowPros’ late stage ACMPR application forward (submitted in November 2014) with Health Canada;
- Grant by Purchaser and GrowPros of a right of first refusal to the Company on future cannabis production by GrowPros, which will ensure a second source of cannabis to the Company with pharmaceutical GMP quality for the production of the pipeline of products under development;
- Undertaking by the Purchaser to build a 15,000 square feet production facility located on 145 acres of agricultural land in Venosta, Quebec. The property has been approved for up to 1.5M square feet of production space; the Purchaser will ensure that a dedicated part of that production facility will be in compliance with good manufacturing practices for pharmaceutical product; construction of the production facility is expected to begin in the first quarter of 2018.
“We are very happy to leverage this asset that is Grow Pros. By finding a reliable partner, Tetra expects not only to immediately increase its cash flow, but also to enable its shareholders to maintain an investment in the high growth cannabis industry. As importantly, Tetra is further focusing on its core expertise and strength: the development of prescription drugs through the highest levels of clinical trials. Finally, we expect this deal to allow us to secure our production of dried cannabis for our lead drug candidate for its expected approval and eventual commercialization, and provide us with another partner from which we can supply our active pharmaceutical ingredients (API) for our drug development programs.” says Bernard Fortier, CEO of Tetra.
The Proposed Transaction contemplated by the LOI is subject to a number of significant condition precedents including but not limited to the entering into of the Definitive Agreement on terms satisfactory to both parties, the completion of the Purchaser’s initial public offering and receipt of all requisite approval (including stock exchange and regulatory approvals).
The parties intend to enter into the Definitive Agreement and close the Proposed Transaction by the end of the first quarter of 2018.
About Tetra Bio-Pharma:
Tetra Bio-Pharma (TSX VENTURE:TBP)(OTCQB:TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and clinical development. Tetra is focusing on three core business pillars: clinical research, pharmaceutical promotion and retail commercialization of cannabinoid-based products.
More information at: www.tetrabiopharma.com
Source: Tetra Bio-Pharma
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, through its wholly-owned subsidiary, GrowPros MMP Inc., to obtain a license for the production of medical marijuana; failure to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Tetra Bio-Pharma Inc.
Dr. Anne-Sophie Courtois, DVM
Vice President, Marketing & Communications
(514) 360-8040 Ext. 210
anne-sophie.courtois@tetrabiopharma.com
- Published in Medical Marijuana, Tetra Bio Pharma
Commercial Operations at Gahcho Kue Highlights Canada as Global Producer
Commercial Operations at Gahcho Kue Highlights Canada as Global Producer
Mountain Province Diamonds’ report this week of the sale of 222,000 carats of rough stones for $21.1 million at $95 per carat at its fifth diamond sale of goods from Gahcho Kué has served to put the spotlight on the country’s major role as a diamond producer.
The manner in which Mountain Province secures certain diamonds for sale in competition with its partner, De Beers Canada, which owns 51 percent of the operation, is also of interest. The firms bid for the diamonds they are particularly interested in selling. Mountain Province’s sales figures were increased due to the inclusion of a selection of the fancies and specials won by the company otherwise scheduled for inclusion in the sixth sale, which will occur in the second half of July. Excluding these high value diamonds, the average value realized per carat was $75.
The fifth sale represented the company’s strongest sale performance to date, the mining company said. “The financial result was matched by several strong performance measures, including the number of buyers attending, the number of attendees placing bids and the average number of bids per lot.” Reid Mackie, Vice President Diamond Marketing, said: “The June tender sale was our best attended to date and produced a record number of bids. Repeat customers won 75 percent of lots, indicating that the rough market’s understanding of our diamonds’ performance at manufacturing is positive and well on track.” The company declared the commencement of commercial production on March 1.
As far as Canada is concerned, it has taken the country little more than 15 years to become one of the world’s main diamond producers. The main diamond-producing countries, notably South Africa, Russia and Botswana, have been in the game for much longer. In South Africa’s case, more than a century and in the case of the other two states, much more than half a century.
In Canada’s case, areas rich in diamonds were found with the November 1991 discovery of diamonds in the Northwest Territories by Chuck Fipke and Stu Blusson in what eventually became the Diavik mine. Output at the mine is expected to be about 7.4 million carats this year.
Another relatively new mining operation is Stornoway’s Renard mine in Quebec which has been a long time in the making. The firm in May announced the production of one million carats of diamonds and polished diamonds from the mine are already being offered for sale in Birks’ department store in Montreal. Renard is Quebec’s first producing diamond mine and Canada’s sixth. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining.
One of the world’s major diversified miners, Rio Tinto, is also involved in the Canadian diamond mining scene – owning 60 percent of the Diavik mine. And new Rio Tinto head, Jean-Sebastien Jacques, last year confirmed that diamonds are a “priority area” for the firm, saying, “I would love to have more diamonds, to be very explicit.” And the company has further put its money where its mouth is with an announcement this week by signing a three-year, $18.5-million option on Shore Gold’s Star-Orion South diamond project in northern Saskatchewan.
Meanwhile, De Beers is working to extend the life of its Victor mine in Ontario, but work on a potential expansion can’t move forward until it reaches an agreement with the Attawapiskat First Nation and other communities in the area.
Canada owes its number three ranking to just one region of the Northwest Territories, Lac de Gras, which is the location of three large diamond-producing mines, Ekati, Diavik and Snap Lake.
Among the country’s other mining firms are Kennady Diamonds Inc. which controls 100 percent of the Kennady North diamond project located in the Northwest Territories. Kennady North is immediately to the north and west of the Gahcho Kué Diamond Mine.
Meanwhile, Arctic Star Exploration has announced plans to explore its 54,000-hectare T-Rex property in Lac de Gras. Previous exploration has found over a dozen kimberlites, most of them diamondiferous, the company says.
And there are other smaller firms aiming to develop Canada’s diamond industry. Meanwhile, the country has placed a great deal of emphasis on its diamonds not having any association with conflict diamonds from Africa. Indeed, Canada is one of the main supporters of the Kimberly Process.
In addition, all Canadian diamond mines are overseen by the Canada Mining Regulations for the Northwest Territories. This program ensures the preservation of surrounding land and aquatic habitats.
With diamond mines depleting generally, and particularly at larger operations, the Canada brand appears to be strongly placed to continue to consolidate its position as the world’s third-largest diamond producer.
- Published in Arctic Star Exploration, Blog, Mining