Borden Lake is right by Nemegosenda with the same First Nation communities in the vicinity.
Borden Lake is advancing towards becoming Canada's first all electric mine per Goldcorp's site link above.
--- I believe the issues with the project are the fine grain size of the Nb ore and proximity to the lake.
The first was solved 60 years ago by extraction methods that are not environmentally friendly by today's standards, but my understanding is that better crushing technology and gravity separation technology are available, along with other newer ligand tech that could be used. So, I know the Lerner processes from the early 60's would not be useable, but there are newer options that are out there.
The proximity to the lake appears to only affect D zone mine planning considerations but doesn't appear to be a showstopper. As well, the SE zone would not have this issue, as it is significantly further from the lake. There is plenty of property nearby for the tailings and processing facility.
--- I believe the issue is still that there are investors that are potentially interested, but they are either a) trying to lowball offer on a deal that essentially wipes out current shareholders, or b) are not willing to invest with a lawsuit hanging over the property.
--- I am guessing that this is circling the drain unless there is a miracle. I am sure that vultures that have no interest in advancing their suit against the company are content just waiting it out to scoop up claims that lapse, along with sabotaging attempts by present mgmt to turn things around. I am amazed at the apparent impotence of the OSC and provincial courts to provide remedy to shareholders.
Those frivolous lawsuits are keeping the funding away, that's what's stopping productions. No money, can't move forward plain and simple. If you know some investors who will get involved, have them contact Dan with their terms. It's that easy.
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