Business
Environmental Certificate of Authorization Awarded for Nunavik Nickel Project
MONTREAL, May 21 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ) announces that it has obtained...
About this update from Cleghorn Minerals Ltd.
[{"type":"text","content":"\n\n\n\nMONTREAL, May 21 /CNW Telbec/ - Canadian Royalties Inc. (TSX: CZZ)\nannounces that it has obtained the Environmental Certificate of Authorization\nfor its Nunavik Nickel Project. The Ministere du Developpement durable, de\nl'Environnement et des Parcs (MDDEP) authorized Canadian Royalties to pursue\nthe development of the project and to start construction work.\n\n\nThe project was approved including port facilities. New port facilities\nwill be required with the anticipated expansion of mining activities in the\nregion. Concerning an additional airstrip, the Kativik Environmental Quality\nCommission recommended to the MDDEP that a common Airport in the vicinity of\nthe project should be used.\n\n\nAbout Canadian Royalties and the Nunavik Nickel Project\n\n\nCanadian Royalties has initiated the development of an independent,\nstand-alone nickel-copper mine on its Nunavik Nickel Project, located\n20 kilometres south of Xstrata Nickel's Raglan Mine in northern Quebec.\nCanadian Royalties is proceeding with permitting applications, as well as\nexploration for additional resources.\n\n\nForward-looking Statement\n\n\nThis news release contains certain forward-looking statements or forward\nlooking-information. These forward looking statements are subject to a variety\nof risks and uncertainties beyond the Company's ability to control or predict\nwhich could cause actual events or results to differ materially from those\nanticipated in such forward looking statements. Such risks and uncertainties\nare disclosed under the heading "Risk Factors" in the Company's Annual\nInformation Form for the year ended December 31, 2007 and dated March 31,\n2008. Further, forward-looking information is in addition based on various\nassumptions, including, without limitation, the expectation and beliefs of\nmanagement, the assumed long term price of nickel, that the Project is a\ntechnical viable and economic operation, that it can be successfully completed\nby the Company, that the Company will receive the required permits and access\nto surface rights, and that the Company can access financing, appropriate\nequipment, and sufficient labour. Should one or more of these risks and\nuncertainties materialize, or should the underlying assumption prove incorrect\nor different, actual results may vary materially from those described in t...