Northcliff gets extension for Sisson construction start

Executive Summary

• Northcliff Resources received a five-year extension from the Minister of the Department of Environment and Climate Change (DECC) to commence construction on its Sisson tungsten-molybdenum project in New Brunswick, Canada.
• The company secured significant government funding: $15 million (U.S.) from the U.S. Department of Defense under the Defense Production Act Title III program and up to $8,214,000 from Natural Resources Canada (NRCan) for feasibility study and basic engineering updates.
• Peter C. Mitchell has been appointed as the new Chairman of the Board, replacing CEO Andrew Ing, who retains his roles as President, CEO, and Director.

Key Details

• Construction Timeline Extension: The DECC approved a five-year extension to the construction commencement timeline for the Sisson project. This provides Northcliff additional time to complete workstreams necessary to support a final construction decision.
• Regulatory History: The Sisson project holds environmental impact assessment (EIA) approvals from provincial (2015) and federal (2017) governments. It completed the MDMER authorization process in July 2019 and received HADD authorization under the Fisheries Act in October 2020.
• U.S. Defense Funding: In May 2025, the U.S. Department of Defense awarded Northcliff $15 million (U.S.) (approx. $20.7 million CAD) under the Defense Production Act Title III program. The funds are designated to expand domestic tungsten capacity, sustain critical production, and address supply chain vulnerabilities.
• Canadian Government Funding: In August 2025, Natural Resources Canada (NRCan) provided final approval for contribution funding of up to $8,214,000. This funding supports the update of the feasibility study and basic engineering through the Global Partnerships Initiative, complementing the U.S. DoD program.
• Board Leadership Change: Peter C. Mitchell (CPA/CA) was appointed Chairman of the Board. He brings over 35 years of senior financial management experience, including roles at Coeur Mining Inc., Taseko Mines Ltd., and others. He previously chaired the audit and risk committee and has been a board member since 2012.
• CEO Role Continuation: Andrew Ing continues as President and CEO and a director, focusing on project execution and financing to advance the Sisson project toward construction and production.

Notable Quotes

• "On behalf of Northcliff, I would like to thank the New Brunswick government for granting the five-year extension to the construction commencement timeline. This extension provides Northcliff a runway to complete workstreams that will provide the necessary economic and technical information to support a construction decision." — Andrew Ing, CEO
• "I would also like to express my appreciation to Peter for taking on the role as chairman... he has a deep understanding of our project and the industry, which will be integral to guiding Northcliff as it advances the Sission project toward a construction decision." — Andrew Ing, CEO