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Advanced Explorations Inc. ADEXF

"Advanced Explorations Inc is a development stage company. It is engaged in the acquisition, exploration and development of properties within the resource sector."


GREY:ADEXF - Post by User

Post by HVAN1on Nov 26, 2012 10:39am
149 Views
Post# 20643287

An Agenda to Obstruct Development

An Agenda to Obstruct Development

Nunavut is the one of the worst mining exploration districts on the planet:

https://www.cbc.ca/news/canada/north/story/2012/11/13/north-alberta-company-nunavut-regulators.html

An Alberta exploration company is blaming Nunavut regulators for killing a project in the Kivalliq.
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The Nunavut Impact Review Board had referred the exploration project to a full environmental review, citing concerns about the sensitive caribou habitat in the area.
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"An environmental impact statement on an entry-level exploration project is unheard of. Doesn't exist anywhere in the world," he said.
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Lahusen said a review of the project would have taken years, and cost his company millions. He also called concerns about the caribou a “fallacy.” "This fear of impacting caribou on the sub-arctic barren lands with exploration activity, you realize our footprint is so small, and our activity is so short, any kind of impact is just nonsense talk.”
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Lahusen accused the NIRB of having an agenda to obstruct resource development and said he has written to the Northern development minister. He said Uravan minerals spent about $4 million on the project before walking away and wants the federal government to pay him back.
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"I have no desire, whatever, to even go back to Nunavut,” he said.
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