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EDM Resources Inc V.EDM

Alternate Symbol(s):  SWNLF

EDM Resources Inc. is a Canada-based exploration and mining company. The Company has ownership of the Scotia Mine and related facilities near Halifax, Nova Scotia. Through its wholly owned subsidiary, the Company also holds several prospective exploration licenses near its Scotia Mine and in the surrounding regions of Nova Scotia. Its Scotia Mine is located approximately 60 kilometers (km) from Halifax City Centre, 33 km from the Halifax Stanfield International Airport and 11 km from CN's Milford Station. Its Eastville Prospect is located approximately 50 kilometers from its Scotia Mine. The mineral rights covering the western portion of the Eastville Prospect are held by Scotia Mine Limited, a subsidiary of the Company, which has exploration licenses 50691 and 09674. Its Carrolls Corner-Carrolls Farm Prospects has two highly prospective exploration targets in close proximity to its Scotia Mine. The mineral rights covering both prospects are held by Scotia Mine Limited.


TSXV:EDM - Post by User

Comment by Maxmoeon Jun 12, 2023 8:34am
48 Views
Post# 35491199

RE:Update from yesterday

RE:Update from yesterdayAs a friend of all things Nova Scotian , I will drop the premier a quick note about the environmental bond. I'll suggest they set it at a high enough number to return the entire site to a benign state and get an estimate from a major engineering firm like aecon or snc. Pick a number. Then Double it. Make a provision for the return of half that bond after 5 continuous years of production AND set the MAX return of the bond for those 5 years to equal the income taxes paid by Edm. Paid. Net,net,net. Otherwise the poor people of Nova Scotia will get stuck with yet another mess and a big tab while the Swiss owner yodels. And the profits will disappear into refining, smelting, marketing fees paid by (and tax deductible) to said yodeller. 
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