RE:Federal Gov. and Muskowekwan potash regulations documentI am hoping both parties can get back on board, however enthusiasm must be tempered by what is mentioned by the Company on it's recent MD and A on May 02:
"The Company is currently has only one mineral project, the MFN Project. The Company’s success is substantially dependent is ability to develop the MFN Project. The Company has not met all of its obligations under the JVA and may be in default under that agreement. While the Company continues to discuss with the MFN proposals to advance the MFN Project, there is no guarantee that the Company will be able to maintain its interest on the terms agreed under the JVA, or at all."
and
"Pursuant to the JVA, Company holds the exclusive right to work with MFN and MRL in proceeding to explore, develop and produce the potash on the property. Pursuant to the terms of the JVA, the Company is obligated to make payments of approximately $375,000 per year to the MFN. The Company is in default of making these payments. Pursuant to the JVA, the MFN may terminate the JVA on written notice if the Company is in default. The parties are in discussions regarding resolving the default and advancing the project. The Company has not conducted any work directly on the MFN Project since 2017."
talisman47 wrote: In checking Federal Government web site the Muskowekwan potash mining regulations still seem current and it notes there was a modification done on April 28, 2022 ( about a week ago ). Would like to know what the modification was??
https://laws-lois.justice.gc.ca/eng/regulations/SOR-2017-47/index.html
The document shows that there has been a lot of work put into this proposed project over the years between Muskowekwan and Federal Government. Hopefully, now with so much interest in Canadian potash that we see some positive movement.