It's so far so good with licencing, they are allowed to do everything they need to do so far and they even picked up a new release area, if they wanted to ban the area they wouldn't issue new areas to miners i wouldn't think and wouldn't be worried about 'mineral potential' evidence and mapping it.
They have mineral potential areas, WCN might be proving up mineral potential with what it's doing. " 5.1-1 The areas with evidence for mineral potential shown on Map B are hereby identified as known Valued Socio-Economic Components. [See Map B]
Also for more clarity one would have to overlay the Existing projects Map A which shows mining rights in pink and the projects are numbered and tabled.
" Nunavut is recognized as one of Canada’s most attractive jurisdictions for mineral exploration and investment. A number of areas in the territory are being explored for uranium, diamonds, gold and precious metals, base metals, iron, coal and gemstones.
Nunavut currently has four operating mines, and there are several significant projects that may begin operations in the near future.
Areas of known mineral potential have been identified based on a number of factors: the locations of selected mineral occurrences, an examination of historical mineral tenure held in the territory, the extent of favourable geological units based on limited mapping, locations of current and past producing mines, locations of advanced exploration projects, and projects currently in the review and permitting stages.
The mining industry is a key contributor to Nunavut’s economy, providing jobs, infrastructure, education, skills, career development and local business opportunities. In 2019, mining contributed some 27% to the territorial gross domestic product (GDP) of over $3 billion. The land use planning and environmental assessment processes in Nunavut have been established to proactively resolve potential conflicts between mineral exploration parties requiring access to land and wildlife and community uses.
Mineral exploration and production is permitted within all Mixed Use areas and Conditional Use areas, subject to any applicable conformity requirements, and is prohibited within certain Limited Use areas.
And mining only prohibited in certain 'limited use' areas so thats not all limited use areas.
WCN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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