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Strategic Minerals Provides Update on the Suspension of the Penouta Project Section C Permit
Strategic Minerals Provides Update on the Suspension of the Penouta Project Section C Permit.
About this update from Strategic Minerals Europe Corp.
[{"type":"text","content":"\n\n\n\nStrategic Minerals Provides Update on the Suspension of the Penouta Project Section C Permit\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\nStrategic Minerals Provides Update on the Suspension of the Penouta Project Section C Permit\nCanada NewsWire\nTORONTO, Dec. 21, 2023\n\n\n\nTORONTO, Dec. 21, 2023 /CNW/ - Strategic Minerals Europe Corp. (NEO: SNTA) (FRA: 26K0) (OTCQB: SNTAF) (\"Strategic Minerals\" or the \"Company\"), wishes to provide an update on the provisional suspension (the \"Decision\") of the section C permit for the Company's Penouta tin-tantalum mine in Spain (the \"Penouta Project\") as further outlined in the Company's press releases dated October 20, 2023 and November 8, 2023.\n\nOn October 23, 2023, the Company submitted an appeal (the \"Appeal\") of the Decision to the Administrative Court of the High Court of Justice of Galicia (the \"High Court\"). On December 13, 2023, the Company was notified of the High Court's decision to maintain the Decision and continue the provisional suspension of the Penouta Project until the main proceeding is decided. The Company expects to receive a decision in the main proceeding some time in February 2024.\nThe Company firmly disagrees with this new decision from the High Court. The Company intends to file an appeal before the Supreme Court on the grounds that the High Court's recent decision violates essential procedural and substantive norms. The local mining authority Xunta de Galicia has similarly expressed its intention to appeal the December 13, 2023 decision on the same grounds as the Company.\nThe Company will do everything possible to defend the interests of its workers, clients, suppliers and shareholders so that a strategic, sustainable mining project that meets all requirements and generates wealth, activity and employment in the region is not frustrated.\n About Strategic Minerals Europe Corp. Strategic Minerals' wholly-owned subsidiary, Strategic Minerals Spain, S.L.U. (\"SMS\"), produces, identifies, explores, and develops mineral resource properties critical to the green economy, predomi...