Third Yukon Resource Gateway Project agreement reached

Posted by Jim Paterson

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The territorial government of Yukon has reached an agreement with the Ross River Dena Council to initiate a $71 MM infrastructure program designed to improve the North Canol Road and the Robert Campbell Highway. Recall Macmillan Pass development will require upgrading a ~230 km segment of the Canol Road to ‘all season’ status, for which capital costs are pegged at $105 MM (2018 PEA estimate). Important government commitment aside, it remains to be seen how much will be spent on improving the North Canol Road (versus the Robert Campbell Highway). In the meantime, our conservative model continues to assume Fireweed will finance the access road’s full upgrade requirement. Click here to read full press release.