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Aquila Resources Provides Update on Its Back Forty Project
May 11, 2021 GMT
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila ” or the “
Optimized Feasibility Study
OTS ”) to lead an optimized feasibility study (the “
Feasibility Study ”) for the Back Forty Project. Aquila is leveraging OTS’ combined engineering, permitting, construction and operating expertise to unlock value and advance the Back Forty Project through its next phase of development.
A key objective of the optimized Feasibility Study is to reflect feedback from the Michigan Department of Environment, Great Lakes & Energy (“
Aquila Resources Announces First Quarter 2021 Financial Results
TORONTO (BUSINESS WIRE) Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila” or the “
Company”) announces the filing of its financial results for the first quarter ended March 31, 2021. All amounts, unless indicated, are reported in US dollars.
Guy Le Bel, President & CEO, commented, “Since joining Aquila as President & CEO in February, my focus has been making an already strong project even better. I am pleased with the progress our team is making on the optimized Back Forty Project Feasibility Study, which will demonstrate reduced surface impact and a longer mine life for the benefit of all stakeholders. I continue to be impressed by Michigan as a jurisdiction, notably highlighted by last week’s Senate resolution in support of responsible mining in the State. We look forward to advancing the Back Forty though its next phase of development, while at the same time evaluating opportunities to realize
Red Roof Capital Inc. Acquires Shares from 1261648 B.C. Ltd.
RRC ) announced today that it has acquired (the
Acquisition ) 1,500,000 common shares (the
Purchased Shares ) of 1246775 B.C. Ltd. (
775 ) from 1261648 B.C. Ltd. (
648 ) at a price of $0.00003 per Purchased Share for an aggregate purchase price of $45 pursuant to a share purchase agreement entered into between RRC and 648 on March 31, 2021:
Prior to the Acquisition, RRC held nil (0%) common shares of 775. As a result of the Acquisition, RRC now holds 1,500,000 (50%) common shares of 775. RRC acquired the Purchased Shares for private investment purposes and may increase or decrease its beneficial ownership or control in 775 as circumstances or market conditions warrant.
Jan 29, 2021
STEPHENSON Aquila Resources Inc. announced on Wednesday that it will continue to work with the Michigan Department of Environment, Great Lakes and Energy to finalize the Back Forty groundwater model in support of a revised application seeking a reissuance of the wetlands permit.
The announcement follows the Jan. 4 decision by an administrative law judge denying the prior issuance of a wetlands permit. EGLE issued the permit to the company in June 2018 following years of environmental baseline work and a review process including comment periods and public hearings and review by the U.S. Environmental Protection Agency, according to the company.
Received an outpouring of local support from senior leadership in Michigan
Will continue to work with EGLE to finalize the Back Forty groundwater model in support of a revised application seeking a reissuance of the Wetlands Permit
Will undertake optimization studies to assess Project opportunities
Evaluating financing alternatives with support from key stakeholders
TORONTO–(BUSINESS WIRE)–Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila” or the “
Company”) is pleased to provide an update on its strategy to advance its Back Forty Project in Michigan’s Upper Peninsula following the January 4, 2021 decision by an Administrative Law Judge (“
Judge”) denying the prior issuance of a wetland/stream/floodplain permit (“