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Aquila Resources Inc T.AQA


Primary Symbol: AQARF

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.


OTCQB:AQARF - Post by User

Post by invidious1on May 11, 2021 2:29pm
187 Views
Post# 33174994

Aquila Abandons Mining and Wetland Permits

Aquila Abandons Mining and Wetland PermitsAquila Resources, Inc., has announced that it won’t defend its previously issued mining and wetland permits for the Back Forty mine.
 
Instead, the company plans to develop a completely revised project plan, supplementing its proposed open pit with underground mining, and modifying its site design to avoid direct impacts on wetlands.
 
Aquila’s two permits had been challenged by mine opponents in contested case hearings before Administrative Law Judge Daniel Pulter, who struck down the company’s wetland permit last January. The mining permit, which has already been amended once, was scheduled for a contested hearing in the fall, but Aquila won’t pursue that permit now that its plans have changed.

More info: https://aquilaresources.com/release/?id=719c326b-9885-476f-a817-163a2a4fc1a2
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