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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 Aug 21, 2023 9:24pm
98 Views
Post# 35599095

RE:Update

RE:UpdateLike all greasy weasels, you need to very carefully parse their words to determine what's really going on. NO, HE77 NO, it's NOT approved. Maybe those local yokels finally figured it out. The concentrate will ship overseas to be processed at a 3rd world eco disaster and run through the books of numbered Swiss or channel island accounts. Not $1 will EVER flow back to Nova Scotia and eventually taxpayers will be left to clean up in aisle 2. The yokels must have figured out their only protection is performance bonds of some sort to cover the worst case clean up tab. No way the gnomes of Switzerland will fork over that kind of cash. It doesn't help that Zn is weak but if you believed the consultants reports and the conflicted opinions this mine was supposed to be the lowest decile all in cost producer. Which it obviously is NOT. I take zero pleasure in saying I told you so but this is only ONE of the egregious moves made by the new fnc team to enrich themselves at the expense of everyone else. Shareholders, taxpayers, employees, regulators etc. 
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