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Strateco Resources Inc SRSIF

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.


GREY:SRSIF - Post by User

Post by got2winon Feb 03, 2019 11:10am
129 Views
Post# 29311799

Correct me if i'm wrong but

Correct me if i'm wrong butI remember, and I do have to strain my memory, that RSC was one of the most promising uranium explorers in Quebec. They had some promising exploration results. The Quebec government supplied incentives and grants to the company. RSC operations supported the local economy, hired workers including aboriginals. RSC applied for and was granted permits along the way toward a goal of mining and production. The company gained attention and people put their hard earned money into a canadian company as shareholders. Quebec at least at that time, and I'm talking about 2012 to 2015 was thought to be mining friendly province. The Quebec government took the credit publicly for supporting junior companies like RSC, gave the impression that there would be no road blocks for RSC if they obtained all the permits and legal requirements.  Then in 2015 things fell apart. Even after consultations with the aboriginals, environmental studies, I dont believe the RSC land was on the aboriginals property, only neighboured it. The last and necessary permit was not appoved. Was this akin to leading the horse to water, as the horse was about to drink, the plug was pulled from the bottom of the trough and the water drained out? So we sit and wait to find out if we will be granted some compensation at this next trial. Did the Quebec government mislead the company and shareholders? If this company was mining in Quebec right now, may have there been many beneficial factors for the economy?  IMHO. Guy give us some kind of insight if you would.  
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