In April 2023, Osisko Metals and Appian Natural Resources Fund III LP (“Appian”) formed the joint venture (JV) Pine Point Mining Limited.
The JV leverages Appian’s extensive mine development experience and includes a crucial investment of C$75 million into the Project that will advance the development of Pine Point to a “shovel-ready” status. This funding is expected to cover development costs including feasibility, environmental assessment and permitting, including Indigenous engagements as well as final definition drilling and additional exploration drilling.
Our Vision
The global push towards decarbonization to combat climate change has led to an unprecedented shift in energy transition metals such as copper and zinc. Coupled with uncertain supply in politically sensitive regions, Pine Point Mining is at the forefront of a new generation of mining companies looking to restart projects in historical mining camps through its lead-zinc Pine Point Project. We intend to make Pine Point Mining the leading base metal developer in North America.
The Pine Point Project historically produced among the world’s cleanest sphalerite and galena concentrates with very low impurities. This sets the project apart from most current producers. The Preliminary Economic Assessment completed by the Company in 2020 provides solid indication that the extensive shallow mineralization remaining on the property can be produced and a long-lasting mine can be developed.
