Strateco fights the refusal of the certificate of authorisation for the Matoush

first_imgLast Friday, Quebec’s minister of sustainable development, the environment, wildlife and parks notified Strateco Resources that his decision is to refuse to deliver the certificate of authorisation for the Matoush underground exploration phase. Strateco’s legal counsel is presently examining the impact and reach of this decision on the legal proceedings currently underway. Strateco says it “intends to continue to vigorously defend the interests of its shareholders, who have invested more than C$123 million in the Matoush uranium project.”It was 2006 when Strateco set up the Matoush uranium project, now considered one of the highest-grade uranium projects in the world. It is located in the Otish Mountains, about 275 km north of Chibougamau and 210 km northeast of Mistissini (Quebec, Canada).Strateco says it still aspires “to become the first company in Quebec and the first so-called junior company in Canada, in the present cycle, to advance a uranium exploration project involving underground exploration work. The company has initiated legal proceedings to obtain from the government of Quebec the only one certificate of authorization still required for the project to go ahead. Strateco has received all the other provincial and federal required permits.”last_img

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