Summer Time Updates :)Hi All, Last NR was May 23rd and the last presentation (investor conference call) did bring up several near term potential advancements on the project:
· Focused on confirming buyers, to take material from planned 2017 Production and then participate with Silicon Ridge in large volume beginning with the 2018 Production year.
· Announcement expected in June on selection of the Contract Operator
· Announcement(s) expected in June on partnership with Contract Processor(s)
· Once customers are finalized, logistics will crystalize soon after
· On-track to finance, after confirmation of buyer & receipt of permits, or earlier
I guess we can start to be ready for NR that will check some of these boxes.
Noteworthy to mention to the followers of and holders of RRS that the Provincial (Quebec) government engineers were in strike from May 23rd to middle of last week. The strike was suspended but both parties have not come to an agreement. I’m not sure what kind of impact this can have on the permitting process, but it could bring some sort of delays. Nevertheless, RRS is permitted for the summer exploration program to strip the quartzite and do some mapping, so I guess progress can continue even if some delays can be encountered and the permitting side. Once again, maybe that won’t have any impact on the permitting timeframe, and more probably insignificant impact on the overall advancement.
Management did lots of traveling in the past days and are still in movement. These guys are very committed to the advancement of Silicon Ridge and I’m pretty confident we will continue to follow the plan! And most importantly, deliver the PLAN!