Mining company close to acquiring copper mine site

Mining company close to acquiring copper mine site

WHITE PINE — A Canadian mining company is closing in on completing the acquisition of a copper mine in Ontonagon County.

Highland Copper Company says it has entered into an agreement with Copper Range Company to extend the period to complete the acquisition of the White Pine project until March 31st. The final closing of the acquisition is subject to releasing Copper Range for financial assurance and certain environmental obligations concerning the historical White Pine mine. Discussions with Copper Range and the Michigan Department of Environmental Quality are ongoing.

Highland is hoping to complete the acquisition by the end of January. The company has assembled a number of advanced-stage copper projects in the Western U.P.

[Courtesy The Keweenaw Report]