Mink Ventures Receives OJEP Grant for Montcalm Ni Cu Co Project, Closes Acquisition of Warren 0.5% NSR and Claims
Mink Ventures Receives OJEP Grant for
Montcalm Ni Cu Co Project, Closes
Acquisition of Warren 0.5% NSR and Claims
Toronto, Ontario--(Newsfile Corp. - September 21, 2023) - Mink Ventures Corporation (TSXV: MINK)
("
MINK
" or the "
Company
") today announced that it has been selected to receive an Ontario Junior
Exploration Program ("
OJEP
") grant from the Government of Ontario to support its ongoing exploration
efforts on its Montcalm Ni Cu Co Project, Timmins, Ontario.
MINK's, 40 km
2
, Montcalm project is
adjacent to the former Montcalm Mine which produced approximately 3.93 million tonnes grading 1.25%
Ni, 0.67% Cu and 0.05% Co (OGS, Atkinson, B., 2010).
Pursuant to the OJEP grant, MINK will receive $77,405 to cover eligible exploration costs on the
Montcalm project. MINK was selected for the grant under OJEP's critical minerals stream, which is
aimed at facilitating the exploration of critical minerals within Ontario.
The program is expected to begin
in late September.
Natasha Dixon CEO stated, "We are very pleased to acknowledge the financial support of the
Government of Ontario with this non-dilutive capital from the OJEP grant, which supports our exploration
efforts for nickel, copper, and cobalt at our Montcalm project. Mink has applied for additional OJEP
funding, through the recently announced second grant intake, to support diamond drilling at its Warren
copper nickel project."
In addition, the Company announced it has closed the acquisition of the Warren 0.5% NSR and
additional claims. (See press release September 7, 2023 for further details.)
MINK has issued 225,000
common shares, at a deemed price of $0.155, as aggregate compensation for the purchase. The
issued shares are subject to a hold period expiring on January 21, 2024.
About Mink Ventures Corporation:
Mink Ventures Corporation (TSXV: MINK) is a Canadian mineral exploration company exploring for
battery metals in Ontario, Canada. It has a prospective, nickel copper cobalt exploration portfolio, with its
Montcalm project, which covers approximately 40 km
2
adjacent to Glencore's former Montcalm Mine with
historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario
Geological Survey, Atkinson, 2010), as well as the recent addition of the Warren copper nickel Project,
These complementary Ni Cu projects have excellent access and infrastructure and are in close proximity
to the Timmins Mining Camp. The Company has 17,902,984 common shares outstanding.
For further information about Mink Ventures Corporation please contact: Natasha Dixon, President &
CEO, T: 250-882-5620 E:
or Kevin Filo, Director, T: 705-266-6818 or visit
www.sedar.com
.
Forward-Looking Statements
This press release includes certain "forward-looking information", including, but not limited to,
statements with respect to the prospectivity of the Montcalm Project.
Forward-looking statements
involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of MINK to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Factors that could affect the
outcome include, among others: future prices and the supply of metals; the results of exploration work;
inability to raise the money necessary to incur the expenditures required to retain and advance the
Montcalm Project; environmental liabilities (known and unknown); general business, economic,
competitive, political and social uncertainties; accidents, labour disputes and other risks of the mining
industry; political instability, or delays in obtaining governmental and stock exchange approvals. For a
more detailed discussion of such risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements, refer to MINK's filings
with Canadian securities regulators available on SEDAR. These forward-looking statements are made
as of the date hereof and MINK disclaims any intent or obligation to update publicly any forward-
looking statements, whether as a result of new information, future events or results or otherwise, except
as required by applicable securities laws.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/181448