Business
Carlyle Commodities Files Petition with Supreme Court of British Columbia in Connection with Its Notice of Work Application for the Newton Project and Provides Corporate Updates
Vancouver, British Columbia--(Newsfile Corp. - January 20, 2022) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE:1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company"
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 20, 2022) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE:1OZA) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") announces that it has filed a petition and supporting affidavits with the Supreme Court of British Columbia (the \"Petition\") in connection with the Company's Notice of Work and Reclamation Program permit application (the \"Permit Application\") for a 5-year, area-based permit to conduct exploration activities on its 100% Newton Project located in the Clinton Mining Division of the Province of British Columbia (the \"Newton Project\") held through its wholly-owned subsidiary Isaac Newton Mining Corp. The Newton Project Petition The Newton project has been the subject of at least seven previous exploration permits, comprising more than 30,000 m of exploration drilling costing more than $12,000,000. Yet following its acquisition by Carlyle and the filing of the Permit Application on February 10, 2021, the Company has experienced significant delays with the Ministry of Energy, Mines and Low Carbon Innovation (the \"Ministry\"). The Ministry has tied these delays to a Strategic Engagement Agreement (the \"SEA\") entered into between the Province of BC and the Tsilhqot'in Nation. Neither Carlyle nor the prior owners of the Newton Project are party to the SEA. The Petition seeks declarations from the Court that the SEA does not affect the existing law regarding the Crown's duty to consult Indigenous groups, it does not displace obligations of procedural fairness owed to Carlyle and that Carlyle's rights have been violated. It also seeks a declaration that the SEA improperly interferes with the exercise of discretion by the Chief Permitting Officer (or delegate) and it asks the Court to order the Chief Permitting Officer (or delegate) to make a decision on the Permit Application without further delay. Morgan Good, President and Chief Executive Officer of Carlyle, commented: \"It is deeply concerning that after nearly a year this permit has still not yet been issued, and the ministry can't point to any substantive issue that is causing the delay. We believe Carlyle has made all reasonable efforts to work constructively with both the Ministry and the Tsilhqot'in Nation, and that it has been left with no choice but to seek the Court's assistance. While we fully respect the ...