GOGEBIC / ONTONAGON COUNTIES - Despite disagreements on whether to allow the Highland Copper Company to open a mine in the area, the state of Michigan is moving ahead with support for the project, to the tune of $50 million. The vote was taken after the state heard speakers and two committee reports and was made without comment on the financial funding. The Canadian company will only receive the funding if it can present proof that the company has secured funding worth three times the state’s investment. Highland’s overall investment is expected to be $425 million. Quentin Messer Jr., President and CEO of the Michigan Economic Development Corporation said the decision to allow mining could bring $15 million in annual municipal and state tax revenue. Highland Copper has until December 31, 2025, to show the state that it has at least $150 million in capital toward the project.
- jesse4430
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