Bullboard - Stock Discussion Forum Petrolympic Ltd PCQRF

Primary Symbol: V.PCQ

Energy Oil & Gas E&P

Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d’Or in the Val d’Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are in the James Bay - Eeyou Itschee area... see more

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Petrolympic Ltd > Utica Ressources have won their lawsuit

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Post by livermore2 on Nov 15, 2021 8:24pm

Utica Ressources have won their lawsuit

https://www.journaldequebec.com/2021/11/15/forage-petrolier-a-gaspe--defaite-du-gouvernement-legault-devant-le-tribunal

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Comment by jackques on Nov 15, 2021 8:52pm

Bonne victoire mais le champagne va t il etre ouvert ???

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Comment by livermore2 on Nov 15, 2021 9:01pm

I am not a Lawyer but I would say this ruling is very favourable for PCQ and SQX. They have the largest conventional discovery in Quebec that does not require fracking. With this ruling, I believe they could request production permits under the current law. If Quebec wants to expropriate they'll have to pay considerably in my opinion.

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