Canadian Royalties Obtains Mine Leases for 3 Sites at its Nunavik Nickel Project
July 29, 2008 Filed Under: Nickel Mining
Canadian Royalties Inc. announced that it has obtained Mine Leases from the ministère des Ressources naturelles et de la Faune du Québec for its Mesamax, Ivakkak and Mequillon deposits.
With this latest delivery of Mine Leases for each of the Mesamax, Ivakkak and Mequillon sites, together with the Mine Lease for the Expo site delivered in June 2008, Canadian Royalties has now obtained the mining rights required for all four of its sites identified under the 2007 SNC-Lavalin Bankable Feasibility Study.
The mine leases were issued following the delivery of the Certificat d’autorisation by the Ministère du Développement durable, de l’Environnement et des Parcs du Québec on May 20, 2008, and cover the requirements to develop, build and operate the Nunavik Nickel Project.
About Canadian Royalties
Canadian Royalties has initiated the development of an independent, stand-alone nickel-copper mine on its Nunavik Nickel Project, located 20 kilometres south of Xstrata Nickel’s Raglan Mine in Nunavik, Province of Quebec, Canada. Canadian Royalties has now received its Environmental Certificate of Authorization and Mine Leases for four sites, and has started construction.
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Source: CANADIAN ROYALTIES INC.