iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Canagold’s New Polaris gold-antimony project has completed a feasibility study, but the available company materials do not establish that construction has been approved or that a final decision is imminent. The project still depends on a Taku River Tlingit First Nation consent decision and a British Columbia Environmental Assessment Certificate, followed by construction and operating permits.
This is sponsored corporate video coverage. The project details and economic figures below are attributed to Canagold and are not independent verification of approvals, forecasts or operating results.
What is New Polaris?
New Polaris is a proposed gold-antimony project in northwest British Columbia that Canagold Resources describes as 100%-owned. The company filed a feasibility-study technical report under NI 43-101 on September 3, 2025. A feasibility study evaluates a proposed mine using stated technical and economic assumptions; it is not evidence that a mine is operating or will necessarily be built.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
What does the feasibility study estimate?
Canagold’s 2025 feasibility materials report the following estimates. The NPV, IRR and payback figures below are based on an assumed gold price of US$2,500 per ounce; they are modeled project outcomes, not realized performance.
| Measure | Canagold’s 2025 estimate |
|---|---|
| Pre-production capital | US$250 million |
| After-tax net present value (NPV) | US$425 million, assuming US$2,500 gold |
| After-tax internal rate of return (IRR) | 30.9%, assuming US$2,500 gold |
| Payback period | 2.4 years, assuming US$2,500 gold |
| Life-of-mine all-in sustaining cost (AISC) | US$1,247 per payable gold ounce |
These are feasibility projections. Results can change with metal prices and other project assumptions, and actual costs, schedules and production may differ. The technical report also recommends further work to reduce risks before a construction decision.
#1 Best Overall
- Valued Carpenter Pencil Set: You will get 2 pcs solid carpenter pencils with 26 piece 2.8 mm refills, 1 replaceable sharpener, 1 plastic storage box.The complete carpenter pencils combination allows you to finish your work faster and more easily
- Deep Hole Marker Pencil: The deep-hole construction pencils adopts 45mm elongated tip design, which is more convenient to mark in the small hole or in other tight areas that other carpenter markers cannot reach
- Carpenter Pencils with Sharpener: The sharpener is screwed into the top of the work pencil, which won't get lost either. Built-in pencil sharpener that keep the lead with pointed and smooth to Improves line of sight in fine work
- Stronger Solid Lead: This work pencil is matched with a 2.8 mm thick lead , which is much thicker and stronger during the drawing process of construction work, it will not break or damage easily
- Marks on Various Surfaces: 3 colors solid construction pencil can marks on various surfaces,such as metal, plastic, wood, paper etc. Ideals for woodworkers, contractors, craftsmen, builders, merchants and masons
What approvals remain before construction?
Canagold’s feasibility page identifies two key prerequisites: a consent decision from the Taku River Tlingit First Nation (TRTFN) and a British Columbia Environmental Assessment Certificate under the provincial Environmental Assessment Act. The company says construction and operating permits may be applied for and issued under applicable provincial and federal legislation after environmental assessment is completed.
These are distinct steps. A feasibility study and a place on a government project map do not substitute for consent, environmental certification or the permits needed to build and operate. The available materials do not establish that those requirements have been met or that construction is authorized.
Recommended Free Tools
Rank #2
- Ergonomically Designed: Work in tight areas with a compact design that gets into tough spots
- Compact and Lightweight: Both tools are designed to fit into difficult to reach spaces. The 1/4" impact driver has a length of 5.55 in. and weighs just 2.8 lbs, while the 1/2" drill/driver measures only 7.5 in. and weighs 3.6 lbs
- Both the DEWALT impact driver and electric drill driver feature integrated LED work lights with a convenient 20-second delay, ensuring enhanced visibility in dimly lit or challenging work areas
- One-Handed Loading - Keep one hand free with a 1/4 in. hex chuck that accepts 1 in. bit tips
- Power drill cordless with 1/2" single sleeve ratcheting chuck provides tight bit gripping strength, making bit changes faster and more secure
What has Canagold announced about timing?
Environmental-assessment process
Canagold said its Initial Project Description submission in March 2023 formally began the early-engagement phase of British Columbia’s environmental-assessment process. That is a dated company-reported milestone; it does not establish the project’s precise assessment stage today.
2026 project update
In a March 16, 2026 announcement, Canagold said New Polaris had been added to the Canadian government’s advanced gold-antimony projects map and that a fully funded 7,000-metre diamond drilling program was planned to start in June 2026. The announcement establishes what the company said was planned; it does not confirm whether the drilling subsequently began or finished. Inclusion on the map is not a construction authorization.
Rank #3
- 【Great Compatibility】This Katerk 1/4 inch hex shank bit holder is specifically designed for 1/4 inch hex shank drill bits. It's compatible with most 1/4 fast hex handles, hex sockets, various electric screwdrivers, and handheld screwdrivers. The bit holder makes it a valuable addition for any handyman.
- 【Secure and Safe】Built with a secure backup nut design, each drill bit holder securely locks onto your bits, ensuring they stay firmly in place. Additionally, our bit holder incorporates a high-quality steel ball rolling design that holds up to several kilograms of weight, ensuring your various drill bits don't fall off.
- 【Easy One-Handed Operation】The bit holder for impact driver allows you to change bits single-handedly, simplifying your workflow. Its multi-color design further allows for quick identification of the drill bit you need.
- 【Compact and Convenient】Thanks to its compact size, this 1/4 inch bit holder is easy to carry around. The bit holder allows for easy attachment to various tools, making this a convenient addition to your construction accessories. The Katerk bit holder is cast from high-quality alloy material, promising a long product lifespan. Despite its rugged strength, the bit holder remains lightweight, making it portable.
- 【Cool Christmas Gift For Men Stocking Stuffers】 This screwdriver bit holder, driver bit holder, impact bit holder, can be given as a gift to your loved one, especially for anyone involved in construction or electrical work. It's a must-have for stocking stuffers for men and women, tools gifts for dad, tech gadgets for men, gifts for dad, gifts for him, gifts for husband, gifts for boyfriend, cool gadgets for men, and cool gifts for dad.
Earlier company timeline
Canagold’s March 2025 corporate presentation included a timeline for permitting, feasibility and financing decisions across 2025 and 2026. That was a company plan at the time, not proof that financing or permits were completed or that a construction decision was made.
What does the company say about the project’s next phase?
Canagold CEO Catalin Kilofliski said the company was shifting its primary focus toward permitting to advance New Polaris toward a construction and production decision. He also described continued work on antimony revenue potential and possible run-of-river power to reduce power costs and emissions. These are company statements about priorities and potential, not confirmation that the proposed benefits have been achieved.
Rank #4
- Long Nib and Deep Hole Marker: Our mechanical carpenter pencil with 45mm nib is designed for easy marking of deep holes or narrow areas. These construction pencils are the great choice for woodworking tools, construction tools, carpenter tools, contractor tools, wood carpentry tools and architect tools
- Extra Refills in 2 Colors for Versatile Marking: The construction mechanical pencil comes with 12 extra 2.8mm refills, including 6 red and 6 black refills. The black refill is suitable for light surfaces, while the red wax is perfect for dark surfaces. Our carpenter mechanical pencil makes sure that you'll have an ample supply for extended use
- Built-in Sharpener: Our construction pencil comes with a built-in sharpener to ensure the mechanical pencil tip is always sharp and ready for use. Never buy an extra pencil sharpener again. A great tool for any woodworker pencil, contractor pencils. The refill can easily be extended or retracted with a simple click of the pencils mechanical, allowing you to work more efficiently and accurately
- Portable Clip Design: Our deep hole construction pencil features a portable clip design, easy to carry and attach to your pocket or tool box, so that you can keep the carpenter pencils mechanical close at hand, making it a convenient tool to have on the go. Great gifts choice for carpenters
- Stronger Pencil Lead: The black refills are made of lead, sturdy and smooth. The red refills are made of wax, clear and light. These marking pencils are much thicker and stronger than normal pencils during the marking process of construction work, suitable for various surfaces, such as glasses, metal, boards, floors, walls, furniture, etc. The written marks can be easily wiped with a wet paper towel when needed
Canagold’s feasibility page also quotes TRTFN spokesperson Charmaine Thom on the company’s land acknowledgement and willingness to work toward a consent-based agreement. The quote reflects the spokesperson’s statement as presented by Canagold; it should not be read as a complete account of the Nation’s position on every project issue.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.So, when will Canagold make a construction decision?
The available dated materials do not give a confirmed decision date. They describe permitting dependencies, a 2026 drilling plan, and the company’s goal of advancing the project toward a decision. Because the technical report recommends further risk-reduction work and the required consent and environmental certificate are not established here as secured, a specific construction timetable would be speculative.
Best Value
- Milwaukee Ink all Fine Point Marker, Black, 4 Per Pack
- 4 per pack Features Clog Resistant Marker Tip Writes through Dusty, Wet and Oily Surfaces Durable Marker Tip for Writing on Concrete, OSB and Rough Surfaces
- Clog resistant tip writes on dusty, wet and oily surfaces and is optimized for rough surfaces such as OSB, cinderblock and concrete
- Hard hat clip- attaches for easy access
- Quick dry time with reduced smearing and marking
For a definitive current status, readers should consult the latest official British Columbia environmental-assessment records and current statements from Canagold and TRTFN. The milestones described above should be treated as dated company announcements, not as proof of present approval status.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
