Board Change • 1h
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Scott Cousens was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 10
Northcliff Resources Ltd., Annual General Meeting, Apr 23, 2026 Northcliff Resources Ltd., Annual General Meeting, Apr 23, 2026. Ankündigung • Feb 06
Northcliff Resources Ltd. Progress with Pre-Construction Programs for Sisson Project Northcliff Resources Ltd. provided an update on progress with the pre-construction phase work on the Sisson Project in New Brunswick, Canada. The Sisson Project hosts a large deposit of two critical minerals - tungsten and molybdenum. A feasibility study completed in 2013 proposed development as an open pit mine with conventional processing and a value-added ammonium paratungstate plant. Environmental Impact Assessment approvals were received from the provincial and federal governments in 2015 and 2017, respectively, followed by other key approvals. In 2025, the project received funding under US and Canadian critical minerals initiatives, including a USD 15 million ($20.7 million) award under the Defense Production Act ("DPA") Title III program and CAD 8.2 million in Canadian support provided through the Global Partnerships Initiative. With this funding in hand, Northcliff embarked on a focused program to advance the Sisson Project through the pre-construction phase. Activities conducted on the Company's focused pre-construction program include: Update to the 2013 feasibility study ("FS Update") and Front-End Basic Engineering work, including site investigation programs and additional metallurgical testwork. The FS Update is designed to provide the necessary economic and technical information to support a construction decision for the project. Initiated in the second quarter of 2025, the FS Update has included comprehensive review and verification of previous work as well as consideration and assessment of new approaches to optimize the mine development. Led by Ausenco Engineering Canada ULC, the work has involved a number of consultants and specialists. Completion is expected in mid-2026. Multiple engineering workstreams and studies required to meet the technical conditions associated with Northcliff's in-hand environmental approvals and support detailed project development planning. Following receipt of a field permit in October 2025, a site investigation program was initiated, including geotechnical drilling, test pitting and a geophysical survey to collect information on overburden and bedrock characteristics to support basic and detailed engineering and design work for the tailings storage facility design. This program is expected to be completed by the end of February 2026. Advancement of discussions on project finance and product offtake arrangements. Over the next quarter, work will continue to advance the FS Update, Front-End Basic Engineering, and EIA compliance workstreams. Planning and permitting is underway for the second phase of fieldwork to begin in the late spring of 2026 involving further geotechnical drilling and test pitting to collect additional data in the open pit area. Additionally, an archeological field program is being planned based on the results of previous work completed in 2015. Through engagement with the Province's Archaeology and Heritage Branch and the Wolastoqey Nation in New Brunswick, a Heritage Resource Protection Protocol is being finalized, setting the terms for training and mitigation activity associated with satisfying EIA conditions. The Company is also continuing its outreach with communities to discuss its work programs and to finalize an engagement plan for the potential operation at Sisson. Discussions with key potential Western offtake purchasers and engagement with potential project funding partners is ongoing. In addition, Northcliff is engaged in discussions with US and Canadian import-export credit agencies as part of its project finance workstream. The Company is also working with the Canadian Major Project Office to explore opportunities for their financial and regulatory assistance based on its referral as a Nation Building Project. Northcliff continues to engage with governmental organizations with the aim of securing financing and product marketing support. New Risk • Sep 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (CA$100.4m market cap, or US$73.0m). Ankündigung • Aug 08
Northcliff Resources Ltd. Receives Final Approval for Funding from Natural Resources Canada Northcliff Resources Ltd. announced that it has received final approval for funding from Natural Resources Canada ("NRCan") to help advance the Company's Sisson Tungsten-Molybdenum Critical Minerals Project (the "Sisson Project" or the "Project") in Canada. NRCan will provide contribution funding for up to CAD 8.214 million in support of the costs for the update of the Feasibility Study ("FS Update") and basic engineering through the Global Partnerships Initiative ("GPI"). The objectives of the work being funded by NRCan are to build on and complement the programs being supported through the USD 15 million (CAD 20.7 million) in Defense Production Act (DPA) Title III funding awarded by the U.S. Department of Defense ("DoD"), as detailed in Northcliff's May 1, 2025 release. This initiative supports Canada and U.S. goals to secure supply chains for the critical minerals needed for important manufacturing sectors, including communication technology, aerospace and defense, and clean technology. Located near tidewater on the southeastern coast of Canada in New Brunswick, the Sisson Project hosts a deposit with the critical minerals tungsten and molybdenum. The Sisson Project has the prospects of becoming an accessible and reliable producer, strengthening and diversifying the supply chain for these two metals used in important industrial, electronic, aerospace and defense applications, and new technologies. Ankündigung • Jun 20
Northcliff Resources Ltd. announced that it expects to receive CAD 1.190528 million in funding Northcliff Resources Ltd. announces a non-brokered private placement to issue 19,842,128 common shares at a price of CAD 0.06 for gross proceeds CAD 1,190,527.68 on June 19, 2025. The Common Shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange approval. Todd Sisson (NZ) Limited, a subsidiary of the Todd Corporation and a shareholder that holds in excess of 10% of the issued and outstanding Common Shares, will subscribe for 16,157,166 Common Shares under the Private Placement. Andrew Ing, a director and officer of the Company, will subscribe for 323,242 Common Shares under the Private Placement and Scott Cousens, a director of the Company, will subscribe for 1,292,970 Common Shares under the Private Placement. Additionally, Barb Thomas, the spouse of Trevor Thomas, an officer of the Company, will subscribe for 77,578 Common Shares under the Private Placement. Each of Todd, Andrew Ing, Scott Cousens and Barb Thomas are considered to be "insiders" by the Toronto Stock Exchange. New Risk • Jun 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$969k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$969k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$69.8m market cap, or US$51.4m). Ankündigung • May 02
Northcliff Resources Ltd. Wins USD 15 Million Award Under the Defense Production Act Northcliff Resources Ltd. has awarded the Company a USD 15 million (approximately CAD 20.7 million) award under the Defense Production Act ("DPA") 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 United States and Canada. This important non-share dilutive funding will allow Northcliff to advance the Sisson Tungsten-Molybdenum Project in Canada (the "Sisson Project") toward a project construction decision. The Company has also obtained conditional funding from the Government of Canada, pending due diligence, under Natural Resources Canada's Global Partnerships Initiative for up to CAD 8.2 million (approximately USD 5.9 million) to support the project. Located near tidewater on the southeastern coast of Canada in New Brunswick, the Sisson Project hosts a deposit with the Critical Mineral tungsten and the strategic mineral molybdenum. Northcliff advanced resource, engineering, environmental and economic studies that culminated in a positive feasibility study in 2013, then progressed the project through provincial and federal environmental assessment and other processes to gain key approvals, expending some CAD 70 million. The Company developed a detailed work program and is currently focused on advancing the project through the pre-construction phase. In that regard, the US DoD funding from the DPA Title III program and the Government of Canada's funding under the Global Partnerships Initiative, in total up to approximately CAD 29 million (USD 20.9 million) will be used to update Northcliff's feasibility study as well as support related pre-construction work programs. This work would involve completion of engineering activities and studies needed to satisfy the technical conditions associated with its in-hand environmental approvals and project development workstreams (project finance and offtake sounding), to provide the necessary economic and technical information to support a construction decision. Ankündigung • Mar 25
Northcliff Resources Ltd., Annual General Meeting, May 22, 2025 Northcliff Resources Ltd., Annual General Meeting, May 22, 2025. Location: british columbia, vancouver Canada Ankündigung • Jan 30
Northcliff Resources Ltd. Auditor Raises 'Going Concern' Doubt Northcliff Resources Ltd. filed its Annual on Jan 29, 2025 for the period ending Oct 31, 2024. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. New Risk • Dec 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.44m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.1m market cap, or US$8.44m). Minor Risk Shareholders have been diluted in the past year (10.0% increase in shares outstanding). New Risk • Sep 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.2m). Ankündigung • Jul 19
Northcliff Resources Ltd. Announces Management Changes Northcliff Resources Ltd. announced that Andrew Ing has been appointed as the Chairman of the Company. Andrew Ing has been a key member of the Northcliff management team since 2019, serving as President and CEO since 2020 and prior to that as the Company's CFO. He has been a member of the Board of Directors since 2023. Mr. Ing has spoken about the role and significance of critical minerals at conferences, in particular addressing tungsten and molybdenum, in driving global innovation, modernization and transformation, and published an article in the Canadian Mining Magazine featuring tungsten and molybdenum. During his more than 20 years in the natural resources sector, he has focused on corporate development activities with an emphasis on capital finance, business agreement negotiations and community and stakeholder relations. He previously held positions with professional services firms PricewaterhouseCoopers and Deloitte Touche Tohmatsu, providing advisory services to mining companies in Asia, Europe and the Americas. He holds Chartered Public Accountant and Corporate Finance designations, as well as specialized designations in corporate governance and the strategic management of information technology. Marchand Snyman has resigned as Chairman and a director of Northcliff and its subsidiaries as of July 17, 2024. Mr. Snyman has served as the Chairman of the Board of Northcliff since 2013 and provided significant leadership during his tenure. Ankündigung • Jul 12
Northcliff Resources Ltd. announced that it has received CAD 0.33057 million in funding from Todd Sisson (NZ) Ltd. On July 11, 2024, Northcliff Resources Ltd. closed the transaction. Ankündigung • Jul 05
Northcliff Resources Ltd. announced that it expects to receive CAD 0.33057 million in funding from Todd Sisson (NZ) Ltd. Northcliff Resources Ltd. announced a non-brokered private placement of 17,844,533 common shares at an issue price of CAD 0.018525 for the gross proceeds of CAD 330,569.973825 on July 4, 2024. The transaction will include participation from returning investor Todd Sisson (NZ) Ltd. and currently holds a total of 476,391,477 common shares in the capital , and after its participation in the private placement will hold 494,236,010 common shares, or an 81.43% interest in the company. common shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the private placement under Canadian securities rules. The private placement is subject to customary closing conditions, including final Toronto Stock Exchange approval. New Risk • Mar 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.4m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (130% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.7m market cap, or US$10.9m). Ankündigung • Feb 24
Northcliff Resources Ltd., Annual General Meeting, Apr 25, 2024 Northcliff Resources Ltd., Annual General Meeting, Apr 25, 2024. Ankündigung • Jan 31
Northcliff Resources Ltd. announced that it has received CAD 0.7 million in funding from Todd Sisson (NZ) Ltd. On January 30, 2024, Northcliff Resources Ltd. closed the transaction. The company issued 37,333,333 common shares at an issue price of CAD 0.01875 per common share for gross proceeds of CAD 699,999.99375. Ankündigung • Jan 23
Northcliff Resources Ltd. announced that it expects to receive CAD 0.7 million in funding from Todd Sisson (NZ) Ltd. Northcliff Resources Ltd. announces non-brokered private placement of 37,333,333 common shares at an issue price of CAD 0.01875 per common share for gross proceeds of CAD 700,000 on January 23, 2024. The transaction will include participation from returning investor Todd Sisson (NZ) Limited. The Common Shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange approval. Ankündigung • Nov 23
Northcliff Resources Ltd. Provides Project Update Northcliff Resources Ltd. provided an update on the Sisson Tungsten-Molybdenum Project ("Sisson Project" or "Sisson"), a critical minerals project located in New Brunswick. In 2023, the Company advanced its Sisson Project Work Plan. Geotechnical drilling and testing field program ("Phase 1 Drilling Program"): The Phase 1 Drilling program, designed to provide information on the site characterization and support additional design detail of the Tailings Storage Facility is completed. The Phase 1 Drilling Program will also support other ongoing engineering related activities and respond to certain provincial Environmental Impact Assessment ("EIA") conditions prior to the start of construction. Archeological work program ("Phase 1 Field Program"): The Phase 1 Field program underway involves mitigation activities in compliance of EIA conditions, and the development of a Heritage Resource Protocol and related activities. Discussions regarding an engagement plan to address EIA conditions of significance to First Nations continue. Continue to address other conditions associated with the three-year extension to the construction commencement timeline for the Sisson Project to December 3, 2025 granted by New Brunswick's Minister of Department of Environment and Climate Change. The Company also continues to advance offtake and project finance discussions with interested parties; and pursue funding opportunities under the Critical Minerals Joint Action Plan between Canada and the United States. New Risk • Nov 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 108% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.5m market cap, or US$10.6m). New Risk • Jun 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.0m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 7.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$7.67m market cap, or US$5.80m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Ankündigung • Jun 01
Robert Dickinson Step Down as Director of Northcliff Resources Ltd Northcliff Resources Ltd. announced that Robert Dickinson, long-time director has decided to step down, effective May 31, 2023 to pursue his interest in exploration discoveries. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Director Michael Wolley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 12
Northcliff Resources Ltd. Reports on Critical Metal Technology Advances Faster Charging of Batteries Northcliff Resources Ltd. (Northcliff or the Company) reported on new and interesting technology advancements using tungsten that could lead to faster charging of batteries, potentially solving a key hindrance in the transition to a greener economy. Nyobolt Limited (Nyobolt) is commercializing lithium-ion batteries with record power density and ultra-fast charge capabilities. Nyobolt's technology builds on a decade of fast charge lithium-ion battery research led by University of Cambridge battery scientist Professor Dame Clare Grey. Nyobolt's unique niobium and tungsten-based anode systems show superior performance over other Li-ion anode technologies. Advantages include: -Charging g time: >90% charged in <5 minutes -- Higher input power density: 10x power aresses range a anxiety and allows for smaller and lighter batteries -- Longer durability: 10x durability resulting in lower total cost of ownership for battery lifetime -- Improved safety: wider temperature performance and reduced fire risk - such capababilities enable new applications and enhanced customer experience with target end uses being high performance and industrial vehicles, automation (robotics), consumer appliances, cordless tools, stationary storage and mobile rapid charging. Researchers at the Department of Energy's Oak Ridge National Laboratory and the University of Tennessee, Knoxville, discovered a key material needed for fast-charging lithium-ion batteries. The commercially relevant approach opens a potential pathway to improve charging speeds for electric vehicles. Results published in Advanced Energy Materials demonstrate a novel fast-charging battery anode material achieved by using a scalable synthesis method. The team discovered a novel compound of molybdenum-tungsten-niobate, or MWNO, with fast rechargeability and high efficiency that could potentially replace graphite in commercial batteries. Ankündigung • Jun 25
Northcliff Resources Ltd. announced that it expects to receive CAD 5.2 million in funding from Todd Sisson (NZ) Ltd. Northcliff Resources Ltd. announced that has entered into secured loan agreement with existing investor Todd Sisson (NZ) Ltd. for gross proceeds of CAD 5,200,000 on June 23, 2022. The loan bear interest at a rate of 10% per annum. The Convertible Loan can be drawn in four tranches (CAD 2,000,000, CAD 1,000,000, CAD 1,000,000 and CAD 1,200,000), with each draw being subject to the satisfaction of certain conditions precedent. Each tranche will have a term of up to 12 months from the date of draw. The Convertible Loan is convertible on the basis of the market price of the company shares at the time of conversion. Draws under the Convertible Loan are subject to, among other things, receipt of applicable regulatory approvals and receipt of disinterested Company shareholder approval.
The Convertible Loan and accrued interest thereon are repayable at any time by the Company without penalty, or can be settled at any time prior to maturity, either through issuances of shares in the Company or through the transfer of a part of the Company’s interest in the Sisson Project Limited Partnership and its general partner, Sisson Mines Ltd. at the election of Investor. The conversion price used for a Share Settlement will be the lower of the 30-day volume weighted average share price of the Company on the Toronto Stock Exchange at the date a conversion notice is provided by Todd with a 35% discount applied, in the case of a Share Settlement, or the Company’s share price in an equity offering transaction. Alternatively, the general and limited partnership interest to be transferred under the Partnership Settlement will be determined as the percentage that the Convertible Loan plus accrued interest represents of the implied value of the Sisson Partnership based on the 30-day volume-weighted average share price of the Company on the TSX at the date a conversion notice is provided by Investor.
Todd Sisson (NZ) Ltd. currently holds an aggregate of 102,626,569 Company shares, representing approximately 47.83% of the issued and outstanding Company shares. If the currently outstanding CAD 1,000,000 aggregate principal amount of convertible loans and the Convertible Loan were converted in full into Company shares as noted above, Todd Sisson (NZ) Ltd. would hold an aggregate of 307,959,901 Company shares, representing approximately 73.34% of the then issued and outstanding Company shares. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Director Michael Wolley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 13
Northcliff Resources Ltd., Annual General Meeting, May 06, 2022 Northcliff Resources Ltd., Annual General Meeting, May 06, 2022, at 10:00 US Eastern Standard Time. Location: 14 th Floor 1040 West Georgia Street, Vancouver, British Columbia, Canada Vancouver Canada Agenda: To receive the financial statements of the company for the financial year ended October 31, 2021, the report of the auditor and the related management discussion and analysis; to set the number of persons to be elected director of the Company at six; to elect directors of the company for the ensuing year; and to discuss other issues. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Director Michael Wolley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Director Michael Wolley was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 12
Northcliff Resources Ltd., Annual General Meeting, Apr 14, 2022 Northcliff Resources Ltd., Annual General Meeting, Apr 14, 2022. Ankündigung • Feb 20
Northcliff Resources Ltd., Annual General Meeting, Apr 22, 2021 Northcliff Resources Ltd., Annual General Meeting, Apr 22, 2021. Ankündigung • Dec 04
Northcliff Announces Two-Year Extension Granted for New Brunswick Environmental Impact Assessment Deadline Northcliff Resources Ltd. announce that the Minister of the Department of Environment and Climate Change ("DECC") has approved a two-year extension of the construction commencement timeline for the Sisson Mine Project to December 3, 2022. Earlier this fall, the review of Sisson Fisheries Act Authorization application and Off-setting/Fish Habitat Compensation Plan was completed and approved. Pursuant to paragraph 35(2)(b) of the Fisheries Act the Minister of Fisheries and Oceans Canada has authorized the proposed work that will result in impacts to fish and fish habitat arising from the construction and operation of an open pit and tailing storage facility that will result in impacts to fish and fish habitat. The Sisson Mine Project received Environmental Impact Assessment ("EIA") approvals from the provincial and federal governments in 2015 and 2017, respectively, and successfully completed the Metal and Diamond Mining Effluent Regulation Schedule 2 amendment ("MDMER") authorization process in July 2019. A Cooperation Agreement between Woodstock First Nation and Sisson Partnership is in place and the Province of New Brunswick has signed an Accommodation Agreement with the six Maliseet First Nations of the province. 
