CY5 1.18% 8.6¢ cygnus metals limited

Ann: Rock chips expand known lithium mineralisation at Pontax, page-31

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  1. 1,228 Posts.
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    Here is a link I posted to the PMT twitter thread on the reasons behind Allkem's five years to get federal environmental permitting. A primary reason was the "James Bay and North Quebec Agreement", which is the outcome of a land-claim lodged by the Inuit and the Cree on their prime hunting and fishing grounds:

    https://hotcopper.com.au/threads/pmt-twitter.7163453/page-24?post_id=65735631

    The new Canadian Critical Mineral Strategy aims to streamline future permitting of such claims, as discussed in earlier posts. But Allkem's James Bay project is hard up next to one of the areas where the indigenous tribes need to be consulted and have their hunting and fishing rights looked after. Critical Elements Rose project is also close to the protected areas.

    Even under the "James Bay and North Quebec Agreement" agreement, the Quebec government still held all underground and mineral rights but it looks to me like the closer a project was to a protected area, the longer it would take for the permits to be assigned. From my reading, the new critical minerals strategy should significantly streamline this process.

    AIMO.

 
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