Prime minister’s major projects announcement drives dramatic spike, downturn in Northcliff Resources stock interest.
Northcliff Resources stocks surge and then sag amid uncertainty over proposed mine’s future
Robert Jones · CBC News
· Posted: Nov 14, 2025 5:17 PM EST | Last Updated: 1 hour ago
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Prime Minister Mark Carney announced seven more initiatives Thursday that he’s referring to the government’s Major Projects Office, including the Sisson Mine, to be evaluated for fast tracking. (Andrew Lee/CBC)
The company behind New Brunswick’s proposed Sisson Mine has watched its stock price soar and then partially crash over three days as investors try to work out if anything major actually happened after a week of speculation and announcements about the project.
Andrew Ing, the president of Northcliff Resources Ltd., said in a statement Thursday that he was “excited” the company’s long-stalled mine has been referred to the federal government’s Major Projects Office for evaluation and help.
But he noted “a construction decision” on Sisson has still not been made.
Earlier this week, word began leaking out that the proposed tungsten and molybdenum mine near Stanley, north of Fredericton, might be on a federal government list of national projects to be prioritized and fast-tracked.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/shares-tungsten-development-trade-9.6979655?cmp=rss
