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Maxim Power Corp T.MXG

Alternate Symbol(s):  MXGFF

Maxim Power Corp. is a Canada-based independent power producer, which is focused entirely on power projects in Alberta. The Company acquires or develops, owns and operates power and power related projects in Alberta. The Company’s core asset is the 300-megawatt (MW) H.R. Milner Plant, M2, in Grande Cache, AB, which is a combined cycle gas-fired power plant. It also explores additional development options in Alberta, including its permitted gas-fired generation project and the permitting of its wind power generation project. The Combined Cycle Gas Turbine (CCGT) expansion of M2 captures waste heat that would otherwise exhaust into the atmosphere and converts it into low carbon dispatchable electricity for the Alberta power grid. In total, it has about 600 MW of natural gas and wind development projects at various stages. Summit Coal LP is a wholly owned subsidiary of the Company that owns metallurgical coal leases for Mine 14 and Mine 16S located north of Grande Cache, Alberta.


TSX:MXG - Post by User

Post by tinkvidon Jun 09, 2023 9:28am
220 Views
Post# 35488229

Mine 14 permits

Mine 14 permitsGreat info Longrun,those pieces of info you posted are new to me and very helpful! 
This latest article as of April 23, 2023.... 


https://www.cbc.ca/news/canada/calgary/coal-australian-alberta-withdrawal-montem-1.6823167

"Four projects were exempted from Savage's ministerial order. Tent Mountain was one of them.

Another, the Grassy Mountain proposal, was denied provincial and federal permits after an environmental review. A third, the Vista thermal coal project, faces a federal review and has been told that such projects are inconsistent with Ottawa's plans to fight climate change.

The fourth, Valory Resources' Mine 14 proposal for an underground mine for steelmaking coal near Hinton, Alta., does not face a federal review and is expected to apply for provincial permits."


That is what my investigation is leading me to believe. 

The link below is from Valory Resource's investor presentation from 2020. It is a micro-cap listed company on the ASX with a market capitalization of about $15 million.

Link >>> https://thetyee.ca/Documents/2020/08/12/ValoryInvestorPresentation.pdf

This is the presentation that they made to the MD of Greenview last year (starts on page 60):

Link >>> https://mdgreenview.ab.ca/wp-content/uploads/2022/04/22.04.19-COTW-Agenda-Package.pdf
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