Mr. Khan is a Chartered Professional Accountant (CPA CGA), with more than 25 years of professional experience in accountancy and business management and is currently the CFO of RE Royalties Ltd., listed on the TSXV. Change %. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). The objective of this metallurgical program is to assess the potential to improve the grade of the tungsten concentrate produced by the proposed concentrator for the Sisson Project, while maintaining metallurgically optimal tungsten recoveries. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Loan is secured, will bear interest at a rate of 10% per annum and has a term of 12 months with the interest payable at maturity. Its project hosts a structurally controlled deposit that obliquely spans a north-trending, nearly vertical contact between two phases of the Howard Peak Granodiorite to the west and metavolcanic and metasedimentary rocks to the east. If it goes ahead, it will be dug out of the heart of the upper Nashwaak River valley near Stanley. Through this process, project designs regarding the placement of the tailings facility, the tailings technology to be used and the fish habitat compensation plan for the Sisson Project were thoroughly reviewed and the result has been published in the Canada Gazette, Part II: Metal and Diamond Mining Effluent Regulations --- Regulations Amending Fisheries Act SOR/2019-245 25/06/19. "The signing happened days later, and the announcement was scheduled as soon as the premier, MLA and MP could be available.". Last. Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. "Anything that affects a publicly traded stock has to get out as soon as possible," said Fitch. 1 Source: Critical Minerals in Canada https://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/Critical%20Minerals_EN_2020_accessible.pdf. The loan and accrued interest is repayable at any time by the Company without penalty, or can be settled at maturity, either through issuances of shares in the Company ("Share Settlement") or transfer of part of the Company's interest in the Sisson Project Limited Partnership and its general partner, Sisson Mines Ltd. ("Partnership Settlement"), at the election of Todd. But by then, unknown investors had spent almost eight weeks buying Northcliff stock and bidding its price up from nine cents per share on Dec. 15 to a new 52–week high of 14 cents per share on Feb. 9. Over the years, that lack of feasibility has been further evidenced by metal prices that have plummeted from their inflated values of 2007-2008, and by Geodex stock that dropped from $0.30 at startup in 2008, to less than 1 cent a share in 2010 when Geodex sold its interest in the Sisson Mine to Northcliff Resources. Northcliff Resources Ltd is a Canadian based company. December 3, 2020 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF), on behalf of Sisson Mines Ltd., is pleased to 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. Sagging international tungsten and molybdenum prices over the last two years have been hovering well below levels the company envisioned in its 2013 feasibility study for the development, although the Gallant government's faith in the project has never publicly wavered. Bernard said documents formalizing the December agreements were then signed on Jan. 31. "The agreements could not be signed until the six First Nations had taken the agreements to their councils and received their approval, which did not occur until late January," wrote Greer in an email to CBC News. Following extensive consultation with First Nations and the public, led by federal agencies Environment Canada and Climate Change and Department of Fisheries and Oceans, the Metal and Diamond Effluent Regulation Schedule 2 amendment ("MDMER") authorization process is now successfully completed. This project will also help rejuvenate New Brunswick's mining industry and add a source of tungsten to Canada's mineral production." The Sisson property hosts a large near-surface tungsten-molybdenum deposit amenable to open pit mining. "The proposed Sisson Mine is a significant asset for the critical mineral1 tungsten -- an essential ingredient to modern economies and emerging technologies that has few substitutes and could face high supply risks.". In addition, discussions to secure project financing are progressing. It's been a tough year for Northcliff Resources Ltd., the company behind a long delayed tungsten and molybdenum mine development known as the Sisson project in central New Brunswick.Its president quit, its stock fell, prices for its minerals have melted and now the company is in danger of failing to meet a requirement of its provincial environmental approval. Audience Relations, CBC P.O. It is not known who was behind the heavy trading or whether the unannounced deal between the province and chiefs played any role in the robust market activity, but it would be a potentially serious matter if it did. The $579 million project is expected to create 500 jobs during construction and 300 jobs over the 27-year life of the mine. The commodity prices for Sisson's products have recovered from their lows in 2015; Ammonium Paratungstate (APT) prices have recently traded at $330/mtu (London Metals Bulletin) with molybdenum prices reaching $12.50/lb (Platts Metals Daily). In parallel, the Partnership is working with the province and advancing its applications for the Crownland and Mining Leases needed for construction and operation of a mine. Sisson mine owners see share price climb 56% in weeks before Maliseet deal. The Sisson Project is based a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com. The company still needs to secure financing. $579 Million Sisson Project Has Potential to Generate More Than 300 Jobs for New Brunswick Tungsten Project Hits Key Milestone with Release of Feasibility Study Results January 29, 2013 -- Fredericton, New Bru... Read More... Oct 11, 2012 Northcliff Provides Update on Sisson Project Feasibility Study and Environmental Assessment 3. Its president quit, its stock fell, prices for its minerals have melted and now the company is in danger of failing to meet a requirement of its provincial environmental approval. 4, https://www.nrcan.gc.ca/sites/www.nrcan.gc.ca/files/Critical%20Minerals_EN_2020_accessible.pdf, Metal and Diamond Mining Effluent Regulations --- Regulations Amending Fisheries Act, http://ceaa-acee.gc.ca/050/details-eng.cfm?evaluation=63169. Prior to the MDMER, the Sisson Project received Environmental Impact Assessment ("EIA") approvals from the provincial and federal governments in 2015 and 2017 respectively. It's been a tough year for Northcliff Resources Ltd., the company behind a long delayed tungsten and molybdenum mine development known as the Sisson project in central New Brunswick. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com. The federal government published draft regulatory changes in February to allow 1. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. It is not legal in Canada for anyone who has confidential information about a company that is not known to the public or other shareholders to act on that knowledge. Box 500 Station A Toronto, ON Canada, M5W 1E6. Northcliff Resources and Sisson Mines Receives Positive Federal Environmental Assessment Decision for Sisson Tungsten-Molybdenum Project June 22, 2017 The province did not respond to a question asking whether it was aware Northcliff`s share prices were escalating during the period before the announcement was finally made.

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