CANADA FLUORSPAR INC.
Supplying the world with Fluorspar!
CFI is developing a large fluorspar project in St. Lawrence, Newfoundland, Canada and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill, construct a new, environmentally-sound Tailings Management Facility (TMF), and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product (Acidspar). The project is anticipated to produce between 120,000 and 180,000 tonnes of fluorspar filtercake concentrate per year.
The international fluorspar market consumes approximately 5.6 million tonnes of Fluorspar per annum with an estimated value of US $1.6 billion. The mineral is used in the production of hydrofluoric acid which is the primary feedstock for the manufacture of virtually all organic and inorganic fluorine-containing compounds including fluoropolymers and fluorocarbons. Some examples are anesthetics, non-stick coatings, and fire retardant clothing. It is also used in the production of electronic components, aluminum, and steel.
| CFI - TSX.V | symbol & exchange |
| 103,577,219 | shares issued & outstanding |
| 5,500,000 | warrants |
| 8,258,334 | options |
| 117,335,553 | fully diluted |
| Carscallen Leitch LLP | legal counsel |
| Grant Thornton LLP | auditor |
| December 31 | year-end |
| Equity Transfer & Trust Co. | transfer agent |
| 135047108 | cusip number |
| CA 1350471084 | ISIN number |
| August 3, 2011 | last website update |
Canada Fluorspar Inc. proposes to reactivate existing underground fluorspar mines, expand an existing mill, construct a new environmentally sound Tailings Management Facility (TMF) and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product. The project is anticipated to produce between 120,000 and 180,000 tonnes of fluorspar acidspar concentrate per year.
The Project will include:
The proposed mine, mill, and TDF will be located on a brownfield sites within the town limits of St. Lawrence, on the southern tip of the Burin Peninsula, in the province of Newfoundland and Labrador.
The $100 million reactivation of St. Lawrence fluorspar mine is a step closer as the Provincial Government finalized the details of its $17 million repayable contribution to Canada Fluorspar Inc. (TSX-V: CFI). During the two-year construction phase, 370 full-time jobs are expected to be created while 175 full-time positions will be maintained at the facility once production begins. Read more...
Signing - Lindsay Gorrill, CEO & President, Canada Fluorspar and Minister of Innovation, Business and Rural Development - Hon. Keith Hutchings
Standing from left to right: Richard Carl, Chairman CFI, Leo Power, Director CFI , Minister Hon. Darin King and Paul Coombs, Chief Financial Officer CFI.
Left to Right
Lindsay Gorrill, President & CEO CFI
Richard Carl, Chairman CFI
Minister of Innovation, Business and Rural Development - Hon. Keith Hutchings
Paul Coombs, CFO CFI
Left to right
- Lindsay Gorrill, CEO & President, Canada Fluorspar
- Richard Carl, Chairman CFI
- Minister of Fisheries and Aquaculture - Hon. Darin King
- Paul Coombs, Chief Financial Officer CFI.
- Minister of Innovation, Business and Rural Development - Hon. Keith Hutchings
CFI has undertaken surface trenching of the Director Vein and to date has uncovered fluorspar mineralization at three locations. The trenches are currently located over an area that extends more than 400 m to the south of the old workings of the Director Vein, and indicate surface mineralization in width varying from 3.4 m to 16.5 m. Trenching operations will continue over the next month and a half, and the Company expects to commence a drilling program on the Director Vein by June, 2012. Assay work on the trench samples is currently underway, and results will be provided as they become available.
The previous mine operations exported the fluorspar product from a wharf located within the inner waters of St. Lawrence Harbour. Continued use of this wharf facility is not practical for several reasons including:
The main function of the port facilities will be to export the fluorspar concentrate. A secondary function, however, may be the import of general cargo associated with mining operations.
The port will be used in both summer and winter and thus all equipment will be suitable for cold weather operations. Due to the low frequency of ship visits, no significant building structures will be constructed at the port site. A small structure will be constructed to allow support staff to monitor the loading operations on a continuous basis.
December 15, 2011 - Canada Fluorspar Inc. (TSX-V: CFI) (the “Company” or “CFI”) is pleased to announce a training partnership with Corona College at the college’s new campus on the Burin Peninsula, in the town of St. Lawrence in Newfoundland and Labrador. Read more... November 15, 2011 - Canada Fluorspar Inc. (TSX-V: CFI) (the “Company” or “CFI”) today announced the appointments of Patricia McCarthy and Bernard Roche to its Board of Directors effective immediately. Read more... October 18, 2011 – Canada Fluorspar Inc. (“CFI” or the “Company”) is pleased to announce that the escrow release condition to the previously announced strategic agreement wit Arkema to re-activate CFI’s fluorspar project located in St. Lawrence, Newfoundland has been satisfied. Read more... October 12, 2011 – Canada Fluorspar Inc. (“CFI” or the “Company”) (TSX-V:CFI) and Arkema (“Arkema”) (PA:AKE) are pleased to announce the closing, in escrow, of the second phase of the previously announced strategic agreement to re-activate CFI’s fluorspar project located in St. Lawrence, Newfoundland. Read More... August 29, 2011 CFI is pleased to announce that Mr. Paul Coombs, B. Comm. CMA, CGA, MBA has been appointed Chief Financial Officer of the Company. Read more... August 11, 2011 CFI announces $17 Million contribution from the government of Newfoundland and Labrador Read more... August 3, 2011 CFI announces ribbon cutting and celebrates the reactivation of its St. Lawrence Fluorspar Project Read more... June 27, 2011 CFI is pleased to announce the completion of the previously announced initial investment by Arkema in CFI... Read more... June 27, 2011 CFI today reported its financial results... Read more... June 15, 2011 CFI and Arkema are pleased to announce a joint agreement to finance the re-activation of CFI's fluorspar project located in St. Lawerence, Newfoundland, Canada. Read more... May 11, 2011 CFI is pleased to announce the results of a National Instrument 43-101 Technical Report and Preliminary Feasibility Study...Read more... March 11, 2011 CFI today reported its financial results for the three and twelve month periods ending December 31, 2010. Document copies may be obtained via...Read more... February 14, 2011 CFI is pleased to announce that it has filed and obtained a receipt for its final long form prospectus qualifying for distribution 11,000,000 units of the Company... Read more... Read the news archive…
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