RE:OREA, Montagne d'Or, Macron - Environment Some interesting news out today from the EU. Will it potentially impact the pathway for Montagne d'Or?
Now will see OREA and France pursue this new green energy route; the need for gold in electronic and communication products, etc., with a much smaller more modified Montage d’Or project footprint?
This new approach would cast the once politically perceived environmentally disastrous mine in a new green energy scenario.
Further, should France back the project and vouch for its ESG compliance such an environmental seal (France has already agreed to a large Lithium mine within France) would give Macron some cover to ‘modify’ his previous stance.
Also, the EU mandate just out might be used to help fund such a now 'strategic' mine giving it regional support.
The EU executive's Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial Plan, are designed to ensure the bloc is not just a frontrunner in cutting carbon emissions, but also ahead on the technology required to do so… …The EU executive would recognise firm plans to mine or process raw materials as "strategic projects", which could benefit from streamlined permits and access to financing… https://www.reuters.com/business/sustainable-business/eu-unveil-plans-leadership-green-industrial-revolution-2023-03-16/ Simply for OREA to try and sell Montagne d’Or to a major as is (if a buyer could even be found in the present situation) would put France/Macron on a collision course with the green lobby. Therefore, we need some left field thinking here but there is now the possibility.
GLTA -
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