[bs_row class=”row”]
[bs_col class=”col-sm-7″]

MARINE TERMINAL UPDATE

OUR PROJECT

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.

Golden Gate Capital

Golden Gate Capital (GGC) is a San Francisco based private equity firm with over $15 billion in committed capital. GGC’s investments focus on six strategic industry verticals: software, semiconductors and IT hardware, retail and restaurants, industrials, IT and business services, and financial services. GGC’s investment in the industrials sector focuses on mining, minerals and basic materials practice.

GGC grows its businesses through capital investments and operational improvements. Currently, Golden Gate holds investments in more than 35 companies across six industry verticals.

[/bs_col]
[bs_col class=”col-sm-5″]

JOIN OUR TEAM

[gravityform id=”1″ title=”true” description=”true”]

[/bs_col]
[/bs_row]

KEY POINTS ABOUT THE ST. LAWRENCE FLUORSPAR PROJECT

The Project includes construction, operation, rehabilitation, and closure of several components:

[bs_col class=”col-sm-6″]

Surface and underground mine development of the AGS Vein
Mill facility, with a production capacity of up to 200,000 tonnes per year of acidspar concentrate and 200,000 tonnes per year of high-quality construction aggregate

[/bs_col]

[bs_col class=”col-sm-6″]

Tailings Management Facility to store 2.8 million tonnes of tailings over the life of the Project
Infrastructure to support the mine and mill, including access roads, power lines, conveyors, administration building, warehouse and maintenance buildings, employee change facilities, concentrate storage building, security building, laboratory and electrical building.

[/bs_col]

[bs_row class=”row”]
[bs_col class=”col-sm-4″]

CAREERS

Mine construction and development will take place over a two-year period, and it will result in a peak employment of approximately 350-400 workers. Human Resources planning for the construction phase is already in progress.