A mineral exploration development company hopes positive signs in the tin market will attract investment dollars to the former tin mine site in East Kemptville.
Toronto-based Avalon Advanced Materials could begin operations in Yarmouth County, as a small-scale tin recovery operation, by the end of the next year.
Spokesman Mark Wiseman says tin is big.
“We see some positive signs in the markets, particularly in the areas that we are working in. Tin is a very important and growing metal. It’s used to replace solder in electronics, where it’s used the most. We’re also into Lithium which has elements that are all critical to the green technology industry and greenhouse gas reductions”
He says the company still has to go through the regulatory process, which Wiseman says Nova Scotia does better than most other provinces.
“We’re still working on trying to to arrange the project financing and take-off agreements. We need to complete our pre-feasibility study on this new development model that we’re working on and do some detailed engineering, those sorts of things, and a couple of environmental studies we need to finish off. We’d like to be going late 2019, 2020 but it really hinges on financing and take-off agreements”
He says 50 to 55 full-time jobs could be created.
Here is a link to Avalon’s website: http://avalonadvancedmaterials.com/projects/east_kemptville/
(Ore is displayed at Avalon’s East Kemptville Tin-Indium property-website photo)