A company that is attempting to put a lead-zinc mine back into production near Hay River has signed a memorandum of understanding (MOU) with the NWT Power Corporation to negotiate terms of supplying hydroelectric power from the Taltson grid.

Depending on the time of year, available capacity from Taltson facility ranges from approximately 3.5 megawatts to eight megawatts, according to NTPC.

SA国际影视传媒淭he MOU does not commit either party to a power connection agreement but does provide a framework to continue the informal discussion between NTPC and Osisko Metals that has been underway over the past several years,SA国际影视传媒� the parties stated in a joint news release issued Tuesday.

Pine Point, under previous ownership, produced lead and zinc from the 1960s into the 1980s.

SA国际影视传媒淭he Pine Point Project would require additional power when production begins, currently projected to be in 2028,SA国际影视传媒� said Jeff Hussey, president and chief operating officer of Osisko Metals Inc. SA国际影视传媒淭he potential to access clean hydropower is an attractive opportunity that we want to explore further with NTPC. Our preference is to find ways to maximize the consumption of hydroelectric power, thereby reducing the projectSA国际影视传媒檚 carbon footprint and reducing operating costs.SA国际影视传媒�

Diane Archie, the minister responsible for NTPC, added that the GNWT is optimistic about SA国际影视传媒渢he potential to welcome a new industrial customer in the South Slave to utilize excess capacity from the Taltson Hydroelectric Facility. The memorandum of understanding between NTPC and Osisko Metals is a positive sign of future economic growth, benefiting all residents.SA国际影视传媒�