- Sandfire Resources America (SFR) has received the necessary permits to appropriate water for the Black Butte Copper Project
- The company was issued the permits by the State of Montana Department of Natural Resources and Conservation (DNRC)
- The permits authorize the company to divert groundwater for use in the mining of the Johnny Lee copper deposit and to store high-water flows for stream flow maintenance
- Sandfire Resources America Inc. is a Canadian-listed junior exploration company
- Sandfire Resources America Inc. opened trading at C$0.12 per share
Sandfire Resources America (SFR) has received the necessary permits to appropriate water for the Black Butte Copper Project.
The company was issued the permits by the State of Montana Department of Natural Resources and Conservation (DNRC).
The permits authorize the company to divert groundwater for use in the mining of the Johnny Lee copper deposit and to store high-water flows for stream flow maintenance.
In addition, the DNRC approved the company’s change applications to use six existing water rights to mitigate surface water flow reductions resulting from groundwater diversion.
Water right permits, and the DNRC issues change applications in accordance with the Montana Water Use Act (Title 85, chapter 2, MCA).
“We are extremely pleased that we have now obtained the water permits needed to begin Phase II Construction of the mining operations at the Johnny Lee Deposit,” noted Senior Vice President Jerry Zieg.
“We are optimistic that the remaining objection to the groundwater permit will be resolved in our favour,” he added.
One other regulatory hurdle to Phase II Construction will be resolving the narrow issues going in front of the Montana Supreme Court regarding the mine operating permit, with opening briefs due November 1, 2022.
Regulatory finalization will be followed by the requirement of Sandfire Resources America Inc’s Board approval and securing financing.
Sandfire Resources America Inc. is a Canadian-listed junior exploration company which is majority-owned by Sandfire Resources Limited, an international and diversified sustainable mining company which is listed on the Australian Securities Exchange.
Sandfire Resources America Inc. opened trading at C$0.12 per share.