NxGold declares force majeure

Explorer NxGold (CN:NXN) has declared a force majeure event over its earn-in to the Kuulu gold project in Nunavut, due to the continued delay in renewing land-use licences which is preventing drilling.

Staff reporter

Mine-risk-management

NxGold declares force majeure

Explorer NxGold (CN:NXN) has declared a force majeure event over its earn-in to the Kuulu gold project in Nunavut, due to the continued delay in renewing land-use licences which is preventing drilling.

Staff reporter

NxGold declares force majeure

Delayed licence renewals hamstring earn-in project

It said yesterday it had earlier received a positive decision from the Nunavut Impact Review Board regarding the project and was pursuing "all avenues" to secure the key renewals.