RCKS Talk

04-Jun-2018

Aquila Resources Inc.

Final Major Permit Received for Back Forty

Impact: Very Positive

Aquila has received its wetlands, lakes and streams permit from the Michigan Department of Environmental Quality and has now received all the major permits required for construction and commencement of operations at the Back Forty Project in Michigan.

  • With all required major permits in hand, pre-construction activities will begin immediately
  • Back Forty open pit Feasibility Study, which has been nearing completion, is expected to be published in the coming months
  • In addition to pre-construction activities, we expect to see finalized plans for an exploration program to test additional targets at Back Forty
Now that Aquila has received its final permit for Back Forty, we believe the company is well positioned to complete the feasibility study and start construction with funding in place to support pre-construction activities. We expect Aquila to continue trading at a premium to zinc explorers and approach a valuation comparable to that of zinc developers and producers in North America.

04-May-2018

Aquila Resources Inc.

Final Permit for Back Forty Moving Towards Resolution

Impact: Neutral

Aquila continues to work towards receiving the company’s final permit, the wetland/stream/floodplain permit, in order to commence construction at Back Forty.

  • Certain EPA objections have been resolved, and have been conveyed to the Michigan Department of Environment Quality (MDEQ)
  • Aquila and the MDEQ have until June 6, 2018 to resolve remaining objections to confirm the proposed permit conditions comply with the EPA
  • Recall, as of the December 2017 the permit was deemed administratively complete, Aquila assures the remaining issues should be resolved, and conditions met
Upcoming permitting news will be an important near-term catalyst for the company, we believe Aquila is well positioned to complete the feasibility study and start construction once the final permit has been granted, with funding in place to support pre-construction activities.

 

01-Jan-2018

Aquila Resources Inc. (TSX:AQA)

RCKS Talk Blog Archive

We updated the look & feel of our RCKS Talk Research Blog in March 2018.

To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.

Click here to access the RCKS Talk Blog Archive for Aquila Resources Inc. (TSX:AQA)


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