Correction: The Depression era funding of Con Mine was not done from Public Markets.

Last week I posted a note that claimed that Yellowknife's Con Mine was funded by money gotten from public markets.

That was incorrect.

In fact, Con Mine, started in 1936-1938, was discovered and developed by Cominco, now Teck Cominco that, at the time, was a fully integrated metal producer (Pb Zn mainly), and a subsuduary of Canadian Pacific Railway.

But, it was the Giant Mine's property that got explored and developed in the 1930's , promoted by Carl Peilsticker who mostly got his funding for that project from public markets. Neverthelesss, it wasn't until after a hugh discovery was made on the property in 1944, that led to the Mine's production four years later.

(source, David R. Webb)

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