The Strateco company has called the quits on the Matoush project. The company says this decision is due to Quebec government’s refusal to issue the final permit for advanced exploration.
“The damages arising from the liquidation of the Matoush camp and any cost associated with reopening the camp in the future add to the damages incurred by Strateco and its shareholders following the Quebec government’s refusal to issue the certificate of authorization,” a company speaker told the public in a recent statement.
Strateco plans to shift attention to uranium exploration in Saskatchewan. For now though, this is wonderful news for the residents of Quebec, who have fought hard against the uranium exploitation of their native soil.
Sources: [uraniumminingnnews, Strateco, marketwatch]