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UPDATE ON EXPECTED CLOSING OF STAR DIAMOND'S ACQUISITION OF RIO TINTO'S 75% INTEREST IN THE FORT À LA CORNE DIAMOND PROJECT
UPDATE ON EXPECTED CLOSING OF STAR DIAMOND'S ACQUISITION OF RIO TINTO'S 75% INTEREST IN THE FORT ...
About this update from Star Diamond Corporation
[{"type":"text","content":"\n \n \n \n UPDATE ON EXPECTED CLOSING OF STAR DIAMOND'S ACQUISITION OF RIO TINTO'S 75% INTEREST IN THE FORT À LA CORNE DIAMOND PROJECT\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX: DIAM\n \n \n \n \n \n SASKATOON, SK\n \n \n ,\n \n \n Jan. 29, 2024\n \n \n /CNW/ - Star Diamond Corporation (TSX: DIAM) (\"Star Diamond\" or the \"Company\") is pleased to provide this update on\n \n Star Diamond's\n \n acquisition of Rio Tinto Canada Inc's (\"RTEC\") 75% interest in the Fort à la\n \n Corne Joint Venture\n \n pursuant to the agreement (the \"Agreement\") dated\n \n November 28, 2023\n \n entered into between\n \n Star Diamond\n \n and RTEC (see\n \n News Release dated\n \n November 28, 2023\n \n \n ).\n \n \n \n \n \n \n \n \n \n \n Star Diamond\n \n and RTEC have worked together diligently to submit the documentation required to complete the transfer of the Permit to Operate for the Fort à la Corne properties (\"the Project\"). This process requires that an updated Decommissioning and Reclamation Plan be submitted to the Saskatchewan Ministry of the Environment (the \"MoE\") for its approval.\n \n \n \n Star Diamond\n \n and RTEC have been in active discussions with the MoE and, based upon those discussions,\n \n Star Diamond\n \n believes that all documents required by the MoE have been submitted for its review.  Based upon discussions with the MoE,\n \n Star Diamond\n \n currently expects that the transfer of the Permit to Operate will be completed prior to the end of March 2024.\n \n \n Star Diamond CEO\n \n Ewan Mason\n \n said: \"We are pleased that the MoE has committed to move the review process forward expeditiously. While we anticipate that\n \n Star Diamond\n \n will take full possession of the Project in March, we are not waiting for this transfer to be completed to execute upon our plan and are well underway with the revised Mineral Resource and Pre-feasibility Study previously announced.  Our staff is also busy examining the requirements for site security, monitoring and maintena...