BILLINGS, Mont. (AP) — A Canadian mining company says it’s raised more than $2 million from an outside investor to help fund its pursuit of a gold mine north of Yellowstone National Park.
Lucky Minerals Inc. said Friday it’s entered a $2.5 million investment agreement with Toronto-based Clarus Securities. The deal is expected to close this month.
Montana regulators granted permission in July for Lucky to begin exploration work in the Absaroka Mountains near the town of Emigrant.
Lucky chief executive officer Robert Rosner told the Bozeman Daily Chronicle that Clarus likely would continue investing in its Emigrant Creek mining project if the exploration work is successful.
Most Read Nation & World Stories
- Officer charged with George Floyd's death as protests flare VIEW
- Officer accused in Floyd's death opened fire on 2 people VIEW
- Researchers warn COVID-19 could cause debilitating long-term illness in some patients
- White House and CDC remove coronavirus warnings about choirs in guidance for reopening houses of worship
- Supreme Court rejects challenge to limits on church services
Environmental groups are challenging the state’s approval of the project in court. They say mining would damage waterways draining into the Yellowstone River, hurting tourism.