Yukon Energy has signed a Letter of Intent with Copper North Mining Corp., the company that hopes to operate the Carmacks Copper mine in the Central Yukon.
The letter essentially says we will work with Copper North to negotiate a Power Purchase Agreement (PPA). Among other things, the PPA would outline the terms and conditions by which Yukon Energy would supply power to the mine site. It would specify the electricity requirements at the mine and would detail the amount and terms by which Copper North would pay Yukon Energy for electricity services.
It’s not known how long it will take to reach a Power Purchase Agreement.
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