There is a substantial commencement condition contained in the State environmental approval for the Wiluna
Uranium Project, granted pursuant to Ministerial Statement 1051 (MS 1051). Toro considers that, should it not
proceed to substantial commencement of the Wiluna Uranium Project by the date required by that condition, being
9 January 2022, the environmental approval will remain valid and it will be open to the Company to apply under the
Environmental Protection Act 1986 (WA) for an extension of time for that condition at a later time during the life of
the approval.
I think this is where our problem lies. What is their reasoning behind this statement? Why can't they just do what the conditions require? Absurd that they would put the company / shareholders in such a position. If they have reasons for their actions, what would be a fair timeline before disclosuse to us plebs?
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7 | 176670 | 0.220 |
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Price($) | Vol. | No. |
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