Canada Fluorspar Inc.

Canada Fluorspar (NL) Inc. (CFI), a company 100% owned by Golden Gate Capital, is planning to develop the St. Lawrence Fluorspar Project in St. Lawrence, Newfoundland and Labrador, Canada.

CFI will mine high quality fluorspar ore from the AGS Vein, produce acid-grade fluorspar concentrate, and export the product to domestic and international markets.

The current resource estimate of the AGS vein indicates the mine will operate for approximately 10 years. CFI has also identified other fluorspar ore bodies in the vicinity of the AGS, which could be mined after the AGS ore has been exhausted.

The fluorspar deposits of St. Lawrence are known for accessibility, high grade and absence of impurities. The Project is located close to major North Atlantic and European shipping routes enhancing its appeal. The project is anticipated to produce between 120,000 and 180,000 tonnes of fluorspar filtercake concentrate per year.

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