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Midas Gold Reaches Agreement to Begin Environmental Restoration at Abandoned Mine Site and Announces Relocation to United States
Midas Gold Reaches Agreement to Begin Environmental Restoration at Abandoned Mine Site an...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Midas Gold Reaches Agreement to Begin Environmental Restoration at Abandoned Mine Site and Announces Relocation to United States\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Agreement Signed with Federal Agencies to Improve Water Quality at Stibnite\n \n Midas Gold Moves Headquarters to\n \n Idaho\n \n and Intends to Redomicile to\n \n United States\n \n \n Nasdaq Listing Application Submitted and Related Share Consolidation Approved\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 15, 2021\n \n /CNW/ -\n \n Midas Gold Corp.\n \n (TSX: MAX) (OTCQX: MDRPF)\n \n , (\"Midas Gold\" or the \"Company\")\n \n today announced, after three years of extensive discussions, federal agencies have authorized and directed the Company to perform agreed immediate clean up actions to address contaminated legacy conditions within\n \n Idaho's\n \n abandoned Stibnite mining district that are negatively impacting water quality. While Midas Gold did not cause the legacy environmental problems at Stibnite, the recently signed agreement points to the need for timely environmental action and is a testament to the Company's willingness to take part in environmental restoration. The Agreement (as defined below) is necessary to allow the Company to voluntarily address environmental conditions at the abandoned mine site without inheriting the liability of the conditions left behind by past operators. As such, the Company may now provide the early clean up actions deemed necessary by the federal government to improve water quality.  Should the Stibnite Gold Project (\"Project\") move forward with proposed mining and restoration activities, this Agreement will also allow for comprehensive site cleanup by directing the Company to address legacy features including millions of tons of legacy mine tailings that fall outside of the Project footprint and would otherwise not be addressed.  With the Agreement in place, Midas Gold is now moving forward with plans to relocate its corporate headquarters from\n \n B...