The company considers ELG underground as a "key value driver" as its reserves have been expanded over the years.

Domestic EV battery supply chain could support up to 250,000 jobs by 2030 and add C$48 billion to the economy annually, say Clean Energy Canada and the Trillium Network for Advanced Manufacturing.

Billions of dollars of investment will be needed, including spending on highways and energy infrastructure.

The mineral resource totals nearly 20 million tonnes at 1.67 g/t gold in the inferred category.

Power supply to the Mexican project is not “at a steady state”, but it should improve in Q4, when the miner expects to begin sales.

The decision to suspend drilling comes as company continues to face delays in permitting.