Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Taranis Resources Inc. V.TRO

Alternate Symbol(s):  TNREF

Taranis Resources Inc. is a mineral exploration company. The Company is principally engaged in the acquisition, exploration and development of precious and base metal projects. The Company owns a 100% interest in certain mineral rights entitled the Thor Property located in the Revelstoke Mining District of British Columbia, Canada and holds certain contiguous mineral claims. It has drilled over 250 drill holes on the project, defining a near-surface epithermal deposit that is over 2 km long. The Thor project is a collection of over 27 Crown Granted Mineral Claims and approximately 14 Mineral Tenures covering approximately 3,314 hectares, which forms a contiguous property over the Thor precious and base metal Deposit. The Company, together with its subsidiaries, is engaged in acquiring and exploring its mineral properties.


TSXV:TRO - Post by User

Post by TrumpThison Nov 08, 2023 11:51pm
161 Views
Post# 35725320

Delays by Government hurt all BC Investors!

Delays by Government hurt all BC Investors!Mining.com carried the story of Little "David" Taranis vs the slow, bureaucratic Giant "Goliath" BC Government, AND the BC Government announced :   

The Province is developing BC’s Critical Minerals Strategy to support the transition to a cleaner economy and released the "British Columbia’s Critical Minerals Strategy: Discussion Paper"  [  https://engage.gov.bc.ca/app/uploads/sites/862/2023/10/Critical-Minerals-Discussion-Paper2.pdf  ] and stated:

Mineral exploration and mining are foundatonal contributors to B.C.’s economy, particularly in rural and remote communites, and this contribution could grow substantally with expanded critical mineral development. In 2022, the sector contributed $17.5 billion in producton value, $740 million in exploraton expenditures, employed over 30,000 workers, and contributed $7.3 billion (approximately 3%) to the provincial gross domestic product; more than any other natural resource sector. A Critical Minerals Strategy (Strategy) will help B.C. to build on these strengths and to capitalize on the critical mineral-intensive global transition to a green economy. With B.C.’s strong geological potential and the solid environmental, social, and governance (ESG) performance of the mining sector, there is an opportunity to significantly expand and strengthen B.C.’s critical minerals activities and value chain. This will support the province’s economy by attracting new investment and furthering meaningful reconciliation with Indigenous peoples.

https://engage.gov.bc.ca/criticalminerals/#:~:text=The%20Province%20is%20developing%20BC's,event%20will%20inform%20the%20strategy.

Page 4:"B.C., with its mineral rich geology, already contributes to Canada’s critical minerals supply, and has the potential to increase its participation in the value chain. In this context, a value chain is a set of activities that add value (i.e., product or process innovation) at each stage of the production and delivery of a product to a customer. Figure 4 illustrates the range of critical minerals value chain activities."

"The B.C. Government seeks to position the province as a trusted supplier of critical minerals and critical mineral products in domestic and global markets. The Province also aims to ensure that B.C. is an attractive and competitive destination for investment in all areas of the critical minerals value chain."

‘No is a valid outcome of consultation,’ groups fighting Taranis’ Thor copper project in BC say

No is a valid outcome of consultation, groups fighting Taraniss Thor copper project in B.C. say
Looking east to Mt. Jowett in the distance. At left or north is Thor’s Ridge into whose south flank ‘Thunder Zone’ Taranis Resources drilled holes this summer. Credit: Taranis Resources

A dispute between Taranis Resources (TSXV: TRO), the British Columbia government and First Nations groups over the Thor project is brewing over deep drilling exploration permit delays.

On October 16, Taranis escalated the battle to the BC Supreme Court, seeking to bypass what it says are excessive delays in the permitting process. At issue is Taranis’ complaint against the BC Ministry of Energy, Mines and Low Carbon Innovation (AMLI).

The ministry “is unwilling to do its legal duty here because of First Nation pressure,” Taranis president and CEO John Gardiner told The Northern Miner in an interview. “It is regrettable that we have to apply to Court to have our rights respected,” Gardiner said, adding Taranis had been waiting more than 14 months for the notice of work permit for the project in the Kootenay mountains to be processed. He says the usual turnaround time for a notice of work permit is around 30 business days.

“We have tried everything else, including letters to Minister Josie Osbourne and Premier David Eby, and we hope the government is asking itself what message this sends to international investors,” Gardiner said.

However, yaqan nukiy, also known as the Lower Kootenay Band, and the Ktunaxa Nation Council (KNC) said in a joint statement on Nov. 2 that Taranis was trying to “cut off [their] voice.” “No is a valid outcome of consultation,” said the groups in their statement.

The Ktunaxa’s view is that as traditional landholders, their consent is paramount, as underscored by the United Nations Declaration on the Rights of Indigenous Peoples and Section 35 of the Canadian Constitution.

Who has the ultimate say?

The belief that First Nations groups should have veto power over land use in BC has not been legally established but is affecting the climate of exploration operations in the province, Gardiner argues.

“The government has taken the position that First Nations are the rightful owners of the land,” Gardiner said, suggesting a departure from legal precedent that the Crown holds rights over the vast majority of BC’s land. This contention point is generating significant anxiety within the mining community.

Taranis argues that while considering Indigenous rights is part of the Crown’s duty to consult, the Supreme Court of Canada has repeatedly said that First Nations do not have a veto.

“So, the government has to follow the law here,” he said.

The exploration permit application relates to Taranis’s Thor project south of Revelstoke. The project has been the subject of prior exploration for 16 years, including more than 250 drill holes.

Taranis has been actively prospecting and undertaking permitted shallow drilling activities, with a Nov. 6 press release reporting grab samples grading as high as 14.55 grams gold and 1,705 grams silver per tonne. Still, the problem arose with its application last year to undertake deep-hole drilling to test its theory that an as-yet undiscovered porphyry intrusion underpins the epithermal Thor mineralization at surface.

Robin Younger, a lawyer at Calgary-based McMillan LLP, said the notion that First Nations hold ownership over the lands in question isn’t supported in law. “The contention, therefore, resides not in the letter of the law, but in its interpretation and the actions that stem from such readings,” he told The Northern Miner.

As BC grapples with these complexities, the fate of junior miners like Taranis hangs in the balance, Gardiner argues. He suggests the province’s permitting process appears to have been ensnared by a broader debate over Indigenous rights and environmental protection projects.

He specifically refers to the creation of the Incomappleux Park and Incomappleux Nature Conservancy bordering Thor, and potentially clouding the future operation’s permitting prospects. Gardiner alleges these parks were rushed through in record time during covid-years, with little to no industry or private landholder consultation.

Taranis criticizes these initiatives for lacking industry or private landholder consultation, suggesting a governmental preference for conservation partnerships over mining interests.

A spokesperson for EMLI said the ministry could not comment on a matter before the courts.

First Nations concern

The First Nations’ concerns mainly centre around the potential impact on the region’s ecological and archaeological values, with implications for species at risk, water quality, and Indigenous rights.

In January, yaqan nukiy and the KNC first learned of Taranis’s intention, prompting immediate letters of opposition citing the need for a Ktunaxa-led vision and plan for the land’s future. The BC government’s subsequent commitment to further consultation did little to stall Taranis’s legal action.

For their part, the yaqan nukiy and Ktunaxa leaders stated their nations are open to mining but on terms that respect their heritage and ecological concerns. They highlight a long-term perspective over short-term economic gains, seeking projects that can coexist with their vision for the land’s future health.

As Taranis awaits its day in court, the situation underscores a broader national conversation about the rights of Indigenous peoples, the authority of traditional landholders, and the future of resource development within the framework of Canadian law and Indigenous reconciliation.

Another recent BC Supreme Court decision has a bearing. In September, the court ruled that the province must consult with Indigenous groups before granting mineral claims, upholding the Crown’s duty to consult.

The province’s miners welcomed the ruling, seeing it as an opportunity to modernize the Mineral Tenure Act, ensuring the mineral claim staking process remains competitive, efficient, and respectful of Indigenous peoples’ rights.

<< It's time BC, particularily in SE BC, did their jobs, and not road-blocking everything! The people depend on mining, the Government depends on personal & corporate taxation. >>


<< Previous
Bullboard Posts
Next >>