The pilot plant is situated at the first well E3 drilled during its 2022 inaugural drill program.

One hole averaged 2.47 g/t gold over 553.8 metres from bedrock surface.

Newmont has become its largest controlling shareholder following a $1.8m investment.

The shipment totaled 25,000 tonnes of spodumene concentrate to be sold into the global spot market via a major trading company.

The Colonsay site near Saskatoon was reopened in July to mitigate a temporary production drop because of planned maintenance at the Esterhazy potash complex on the eastern edge of Saskatchewan.

The project will be one of Canada’s largest gold projects, producing more than 5.0 million oz. of gold over its initial 14-year mine life.

The company would like to buy an asset in Canada, according to its CEO.