Laurion Mineral Exploration Inc. V.LME

Reason for late Fall drilling program

[DouglasGVass]

As hunting and harvesting are important seasonal activities for LAURION's Aboriginal Groups, these parties specifically requested that LAURION delay the start of their drill program until mid-October. LAURION carefully considers multiple factors before initiating any drill or field programs, including contractor availability, honoring the requests and concerns of our First Nation partners, and ensuring that our comprehensive 3D geological model and targeting work from the summer field program are fully integrated into the database. This process enables LAURION to optimize drill targeting and minimize risk.

[Bracko]

So Doug what happens when it becomes a open pit mine with all the trucks and digging out the rock  will they stop for hunting and harvest then as well or keep digging and trucking out rock ,will this be a issue for the LME if they sold ?

[Toddsquad]

..... deposits in the 'trust account' today help to enable subsequent withdrawals. stakeholder management is an element that every producer must navigate; possessing a 'trust account' with a healthy balance is advantageous when any asset transitions to production.  That said, stakeholder mgmt remains a challenge through the entire life cycle of properties such as this. &

[GoldenBull999]

This made me chuckle...too true. Wont be our problem anymore once it transacts but it could certainly impact negotations. My assumption is that this is never going to sell into a major directly from LME and that we're either getting a large capital influx or bought out via PE who will ramp up drilling for a couple years before offloading it again into a major after preparing an MRE. This