Victoria Gold (VIT.V) has announced it has secured the final Water Use License for its Eagle Gold project in Canada’s Yukon Territory. This was the final piece of the puzzle and Victora has now received all necessary permits to build, operate and close its large open pit heap leach gold mine in Northern Canada which basically means the Eagle Gold project is now turn-key ready, waiting for a financing deal and an improving gold market.
The new permit also resulted in Victoria seeing its flow-through financing being oversubscribed and after having closed a first tranche of C$1.75M at the end of November, it raised an additional C$1.85M right before the end of last year. The entire C$3.6M was raised in a flow-through financing, so the participants can rest assured the cash will be spent on and in the ground.
Go to Victoria’s website
The author holds no position in Victoria Gold. Please read the disclaimer
