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Sandfire Resources America Inc V.SFR

Alternate Symbol(s):  SRAFF

Sandfire Resources America Inc. is a Canada-based junior exploration company. The Company is focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, the United States. The Black Butte Copper Project is located approximately 17 miles north of White Sulphur Springs and includes the Johnny Lee Deposit, which contains a copper concentration. The Black Butte Copper Project is an underground mine. This project uses state-of-the-art technology and modern techniques to mine high-grade copper. The Company is an 86.9% subsidiary of Sandfire Resources Ltd.


TSXV:SFR - Post by User

Post by TELEMARKERon Jul 08, 2022 11:57am
89 Views
Post# 34811127

stockwatch

stockwatch

andfire's Black Butte construction allowed with permit

2022-07-05 17:26 ET - News Release

Mr. Jerry Zieg reports

SANDFIRE RESOURCES AMERICA ANNOUNCES LEGAL PROCEEDINGS UPDATE FOR THE BLACK BUTTE COPPER PROJECT

The District Court has issued an order on remedies that will allow phase 1 construction of Sandfire Resources America Inc.'s Black Butte copper project to be completed under the existing permit.

Jerry Zieg, senior vice-president, stated: "Although we continue to strongly disagree with the court's initial April 8 order, we are pleased with Judge Bidegaray's decision today to allow us to continue with its development of the Black Butte copper project. Sandfire America maintains that our Black Butte copper project is the best and most environmentally sound mining project ever proposed in Montana and that DEQ properly permitted all phases of the project."

The order on remedies is in regard to the April 8, 2022, ruling in a lawsuit against the Montana Department of Environmental Quality and Tintina Montana Inc., a wholly owned subsidiary of the company, filed by mining adversaries on June 4, 2020, challenging the Black Butte copper project. The ruling found that the Montana DEQ had violated aspects of the Montana Environmental Policy Act (MEPA) and the Montana Metal Mine Reclamation Act (MMRA) in its grant of a mine operating permit for the Black Butte copper project. On July 1, 2022, plaintiffs and defendants filed a joint motion recommending a stipulated order for remedies.

By granting the stipulated motion, the judge's order will allow Tintina Montana to complete phase 1 construction under the existing permit while it pursues an appeal of the April 8 order.

The company is also concurrently working on strategies to complete additional testwork, analysis and reporting for additional authorizations from Montana DEQ with the objective of moving the project past phase 1 of the permit.

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