ATHABASCA NUCLEAR CORPORATION ANNOUNCES REGULATORY DECISIONS ATHABASCA NUCLEAR CORPORATION ANNOUNCES REGULATORY DECISIONS
The government of Saskatchewan has granted regulatory relief to Athabasca Nuclear Corp. with respect to Athabasca Nuclear's Wollaston NE and Preston projects located in Northern Saskatchewan. The regulatory decisions follow government reviews and legal submissions made by Athabasca Nuclear with respect to the unprecedented forest fire situation in Saskatchewan. Athabasca Nuclear reports that there is substantial forest fire activity and risk occurring where the corporation's mineral tenure is located.
As a result of the regulatory decision, the corporation advises that work requirements for the current assessment period at the properties have been satisfied by way of regulatory relief. The approximate area for which relief has been granted is 209,000 hectares.
"Athabasca Nuclear stands with the government of Saskatchewan in recognizing the gravity of the forest fires impacting Northern Saskatchewan. Our thoughts are with the affected communities, and we commend the resilient spirit of the people of Saskatchewan and first responders. We believe the leadership displayed by the government of Saskatchewan in ensuring that the mineral exploration industry minimizes its footprint during this sensitive period of time is well founded. Moreover, we wish to acknowledge the government of Saskatchewan's exemplary commitment to public safety," stated Ryan Kalt, chairman and chief executive officer of Athabasca Nuclear.
The corporation advises that it may also receive further relief on additional mineral tenure.