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Bullboard - Stock Discussion Forum Cantex Mine Development Corp V.CD

Alternate Symbol(s):  CTXDF

Cantex Mine Development Corp. is an exploration stage company. Its principal business activity is the exploration and development of mineral properties for commercial mineral deposits, and it is considered to be at the exploration stage. It is focused on its 100% owned 20,000-hectare (ha) North Rackla Project located about 150 kilometers (km) northeast of the town of Mayo in the Yukon Territory... see more

TSXV:CD - Post Discussion

Cantex Mine Development Corp > Victoria Gold v Cantex
View:
Post by Oregonduck on May 04, 2024 8:06pm

Victoria Gold v Cantex

Mining projects in the Yukon require permits and approvals issued pursuant to various federal and territorial legislation. The major regulatory approvals that must be received for a mining project during the licensing phase are generally a QML, under Yukon’s Quartz Mining Act, and a WUL, under the Waters Act (Yukon).The Eagle Gold Project has successfully completed the YESAA environmental assessment resulting in a positive final Decision. A cooperative agreement was also signed with the FNNND. It took over a decade. All ducks are now lined up in a row.

However, Cantex is like Metalex. In Ontario, DeBeers operated the Victor Diamond Mine with required permitting, all-season ice road and agreement signed with the Attawaspikat First Nation. However, Metalex after years of finally securing the mining and water permits from the Ontario Ministry, it was unsuccessful in getting the same Attawaspikat First Nation to allow an access road to its U2 mine site. The U2 project had consequently withered and died on the vine.
Comment by Waivergod on May 04, 2024 8:54pm
The FNNND of mayo yukon are very pro mining employing people to both Victoria Gold and Hecla. I see no issue here they are gonna get paid and so are we...
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