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Earthworks Industries Inc. - CORTINA LEASE TERMINATION
Earthworks Industries Inc. - CORTINA LEASE TERMINATION Canada NewsWire TSX-V: EWK...
About this update from Earthworks Industries Inc
[{"type":"text","content":"\n\n\nEarthworks Industries Inc. - CORTINA LEASE TERMINATION\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nTSX-V: EWK     OTCQB: EAATF\nVANCOUVER, BC, Dec. 22, 2025 /CNW/ - Earthworks Industries Inc. (\"the Company\") disclosed in its news release dated October 23, 2025, responds to the U.S District Court's Order upholding the decision of the U.S. Department of the Interior, Board of Indian Appeals terminating the lease between the Company's wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc., (CIWM), and the Kletsel Dehe Wintun Nation of the Cortina Rancheria (KDWN). The KDWN is also seeking legal costs of more than $400,000 U.S., disclosed in a news release dated November 14, 2025.\n\n\n\n\n\n\n\nSince the issuance of the termination, we have focused our attention on evaluating all available options, including appealing the termination.  We have also considered the costs associated with funding the appeal and the requirement that we would have to pay KDWN awarded costs or post a bond in the event we were to proceed with an appeal.  It is the opinion of our U.S. lawyers that an appeal would have very little chance of success.  For those reasons, despite the millions of dollars spent pursuing the Cortina project, the Board has resolved not to appeal the termination.\nMr. David Atkinson commented, \"while we are of course very disappointed, it is not just the funds spent, but even more, the time invested in endlessly struggling to overcome the multitude of challenges and precedents encountered in getting the Cortina lease finally approved.  KDWN invited us to participate in this development and with the support of the federal agencies we undertook one of the most exhaustive environmental reviews, resulting in regulatory approval of the lease in 2000. The County then challenged the decision and that challenge was eventually denied.  However, it resulted in delaying final approval of the lease by almost 6 years. The 9-11 events at the time also added to ...