Business
Nuinsco Provides Update to Initial Mineral Resource Estimate on the Prairie Lake Critical Minerals & Phosphate Project
(TheNewswire) HIGHLIGHTS: Very large Mineral Resource located...
About this update from Nuinsco Resources Limited
[{"type":"text","content":"Nuinsco Provides Update to Initial Mineral Resource Estimate on the Prairie Lake Critical Minerals & Phosphate Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n \n Very large Mineral Resource located\nin the heart of North America:\n \n \n \n \n \n \n 871.8 million tonne Inferred Mineral\nResource including 2.01 kg/t total rare earth oxides (“TREO”),\nplus niobium and phosphate.\n \n \n \n \n \n \n 15.6 million tonne Indicated Mineral\nResource including 1.67 kg/t TREO, plus niobium and\nphosphate.\n \n \n \n \n \n \n \n \n Located in the heart of North America\nin Ontario, Canada, a stable, mining friendly, jurisdiction\n \n \n \n \n \n \n Near to transport and power\ninfrastructure – ready access to markets, both domestic and\ninternational.\n \n \n \n \n \n \n Positioned to be a key North American\nsource of Critical Minerals as identified by the Canadian government\n(rare earth elements (“REEs”) and niobium) to meet an anticipated\nenormous expansion in demand for such products.\n \n \n \n \n \n \n Toronto –\n \n \n TheNewswire -\n \n \n June 15, 2022\n \n \n –\nNuinsco Resources Limited (“\n \n \n Nuinsco\n \n \n ” or the “\n \n \n Company\n \n \n ”) (CSE:NWI)\n \n \n (CNSX:NWI.CN) (OTC:NWIFF)\n \n \n today provided supplemental information, highlighting the development\npotential of the recently announced initial Mineral Resource Estimate\n(“\n \n \n MRE\n \n \n ”) on its Prairie Lake Critical Minerals and Phosphate\nProject located near Terrace Bay, Ontario, Canada (“\n \n \n Prairie Lake\n \n \n ” or\nthe\n \n \n “Project”\n \n \n ).\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n The significance of the size of the Prairie Lake MRE\nand the implications of this for a large, secure, domestic supply of\nCritical Minerals is readily apparent.  Reports of expanding demand\nfor such minerals, in a myriad of applications in transportation,\npower distribution, green technologies and a host of others (including\nagriculture) are innumerable.  In fact demand has already begun to\nexpand and is projected to increase rapidly in the coming years.  A\nlarge, well located, source of Critical Minerals in North America is\nof immense adde...