Copper North Mining Corp. (TSXV: COL) announced that it has signed a Letter of Intent with the Yukon Energy Corporation for the supply of electricity to the Carmacks Copper Project in the Yukon.
As quoted in the press release:
The PPA will contain the terms and conditions upon which YEC will supply Copper North with the electricity requirements for the Project from YEC’s grid-based electricity generation through YEC’s transmission grid (the “Grid”) and transmission connection from the Project to the Grid.
Copper North’s President and CEO, Sally Eyre, said:
We have reached yet another milestone at the Carmacks Copper Project. Following completion of the Feasibility Study at the end of 2012, the LOI now enables us to advance negotiations with YEC regarding a PPA for the supply of electricity.