Northcliff Announces Grant of Extension to Construction Start FOR Sisson Project & Appointment of New Board Chair
NORTHCLIFF ANNOUNCES GRANT OF
EXTENSION TO CONSTRUCTION START FOR
SISSON PROJECT & APPOINTMENT OF NEW
BOARD CHAIR
VANCOUVER, BC
,
Nov. 14, 2025
/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")
(TSX: NCF) is pleased to announce that the Minister of the Department of Environment and Climate
Change ("DECC") has approved a five year extension to the construction commencement timeline for
the Sisson Tungsten-Molybdenum Project (the "Sisson Project") in
New Brunswick, Canada
.
"On behalf of Northcliff, I would like to thank the
New Brunswick
government for granting the five
year extension to the construction commencement timeline. This extension provides Northcliff a
runway to complete workstreams that will provide the necessary economic and technical information
to support a construction decision," said
Andrew Ing
, Northcliff's CEO.
The Sisson Project received Environmental Impact Assessment ("EIA") approvals from the provincial
and federal governments in 2015 and 2017, respectively, successfully completed the Metal and
Diamond Mining Effluent Regulation Schedule 2 amendment ("MDMER") authorization process in
July 2019
, and the Sisson Fisheries Act Authorization application and Off-setting/Fish Habitat
Compensation Plan process was completed, and a HADD Authorization under the Fisheries Act
issued by the government of
Canada
in
October 2020
.
The Sisson Project hosts a significant deposit of the critical minerals, tungsten and molybdenum. The
Company developed a detailed work program and is currently progressing with studies to advance
the project through the pre-construction phase.
In 2025, Northcliff received funding under critical minerals initiatives in
the United States
("US") and
Canada
. In May, the US Department of Defense ("DoD") awarded the Company
US$15 million
(
~C$20.7 million
) under the Defense Production Act Title III program to expand tungsten's domestic
capacity, sustainment of its critical production and address vulnerability in the Critical Minerals supply
chain in the US and
Canada
(
May 1, 2025
release). In August, final approval was received from
Natural Resources Canada ("NRCan") whereby NRCan will provide contribution funding for up to
C$8.214 million
in support of the costs for the update of the Feasibility Study and basic engineering
through the Global Partnerships Initiative (
August 7, 2025
release). The objectives of the work being
funded by NRCan are to build on and complement the programs being supported by the US DoD.
Northcliff is also pleased to announce that
Peter C. Mitchell
has been appointed as Chairman of the
Board of Northcliff, replacing
Andrew Ing
. Mr Ing. will continue as President and CEO and a Director
of Northcliff, focusing on project execution and financing to advance the Sisson Project towards
construction and production.
Peter Mitchell
is a Chartered Accountant (CPA-CA) with more than 35 years of senior financial
management experience in both public and private companies who, in the past decade, has been
extensively involved in leading and managing growth in private equity portfolio companies through
acquisitions, integrations and greenfield initiatives as well as all related financing activities.
Previously, he held executive leadership positions in finance and operations with companies in the
U.S. and
Canada
, including Coeur Mining, Inc., Taseko Mines Limited, Vatterott Education Centers,
Von Hoffmann Corporation and Crown Packaging Ltd. Peter holds a BA in Economics from
Western
University
and an MBA in Finance from the
University of British Columbia
. He is a US citizen based in
Florida
. A member of Northcliff's Board of Directors since 2012, he chairs the Audit and Risk
Committee and is also a member of the Nominating and Governance and the Compensation
Committees. Mr. Mitchell is also a director of Stabilis Energy, Inc, Taseko Mines Limited and Bear
Creek Mining Corporation.
"I would also like to express my appreciation to Peter for taking on the role as Chairman," said CEO
Andrew Ing
. "As an experienced mining executive and an active member of Northcliff's board for a
number of years, he has a deep understanding of our project and the industry which will be integral
to guiding Northcliff as it advances the Sission Project toward a construction decision."
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-
Molybdenum Project located in
New Brunswick, Canada
, to production. Additional information on
Northcliff is available on the website at
www.northcliffresources.com
. Investor services can be
reached at (604) 684-6365 or within
North America
at 1-800-667-2114.
Andrew Ing
President & CEO
Forward-Looking Information
This news release contains forward-looking information based on current expectations. Forward-
looking information is provided for the purpose of presenting information about management's
current expectations and plans relating to the future and readers are cautioned that such statements
may not be appropriate for other purposes. Forward looking information may include, without
limitation, the opinions or beliefs of management, prospects, opportunities, priorities, targets, goals,
ongoing objectives, milestones, strategies, and outlook of Northcliff, and includes statements about,
among other things, future developments, the future operations, strengths and strategy of Northcliff.
Generally, forward looking information can be identified by the use of forward looking terminology
such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". These statements should not be read as guarantees of
future performance or results. These statements are based upon certain material factors,
assumptions and analyses that were applied in drawing a conclusion or making a forecast or
projection, including Northcliff's experience and perceptions of historical trends, the ability of
Northcliff to maximize shareholder value, current conditions and expected future developments, as
well as other factors that are believed to be reasonable in the circumstances.
Although such statements are based on management's reasonable assumptions at the date such
statements are made, there can be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not place undue reliance on forward-looking
information. Northcliff assumes no responsibility to update or revise forward-looking information to
reflect new events or circumstances unless required by applicable law. For additional information
regarding forward-looking statements and their related risks, please refer to the "Risk Factors"
section in the Annual Information Form of the Company for the year ended on
October 31, 2024
,
which is available on the Company's SEDAR+ profile at
www.sedarplus.ca
.
SOURCE
Northcliff Resources Ltd.
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CO: Northcliff Resources Ltd.
CNW 07:45e 14-NOV-25