cbleck@miningjournal.net
STEPHENSON Aquila Resources Inc. has decided not to proceed with its appeal regarding a recent wetlands permit for its Back Forty Mine near Stephenson.
The company announced on Tuesday that it will not move forward with the appeal of the January decision by an administrative law judge to deny the prior issuance of the wetlands permit.
Aquila also said in its announcement that as the amended mining permit considers only the open pit portion of the project, there’s no benefit to continuing to dedicate resources to a permit under which the company does not plan to proceed.
Press release content from Business Wire. The AP news staff was not involved in its creation.
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
Press release content from Business Wire. The AP news staff was not involved in its creation.
Aquila Resources Announces Amendments to Gold and Silver Streams With Osisko Gold Royalties and Provides a Corporate Update
March 11, 2021 GMT
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila ” or the “
Company ”) is pleased to announce that the Company and a subsidiary of Osisko Gold Royalties Ltd (“
OGR ”) have entered into definitive agreements to amend certain terms of the amended and restated gold purchase agreement dated June 16, 2020 (the “
Gold Stream ”) and the amended and restated silver purchase agreement dated June 16, 2020 (the “
Silver Stream ”) in order to provide additional flexibility to the Company.