WHITEHORSE, YT, May 13, 2023
/CNW/ - Minto Metals Corp. (TSX-V: MNTO) ("Minto" or
the "Company") announces that they have ceased all
operations at the Minto Mine located within the Selkirk First
Nation's Territory in central Yukon,
Canada and that Yukon Governement has now assumed care and
control of the site. The Yukon
government will prioritise those activities required to ensure
environmental protection. Minto is working closely and
cooperatively with the Yukon
government to ensure a smooth transition.
The Company has invested a significant amount of money into
improving the water treatment plants at the Minto Mine, doubling
the mine's water treatment capacity. As a result both plants are
currently operating at full capacity for spring freshet.
"Needless to say ceasing operations at the Minto mine was an
extremely difficult and disappointing decision, that was not taken
lightly. We are acting responsibly in coordination with the Yukon
Government to avoid any damage to the environment. We will update
the market with future plans for Minto Metals as soon as possible,"
commented Chris Stewart, President
and CEO.
About Minto Metals Corp.
Minto operates the producing Minto mine located within the
traditional territory of the Selkirk First Nation in the Minto
Copper Belt of the Yukon. The
Minto mine has been in operation since 2007 with underground mining
commencing in 2014. Since 2007, approximately 500Mlbs of copper
have been produced from the Minto mine. The Minto property is
located west of the Yukon River, about 20 km WNW of Minto Landing, the latter on the east side of
the river, and approximately 250 road-km north of the City of Whitehorse, the capital city of
Yukon.
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.
Contact Information:
Tania Barreto, CPIR
Director, Investor Relations
info@mintometals.com
604 759 4666
SOURCE Minto Metals Corp.