Trevali Mining Corporation (TSX:TV) has entered into a Limited Environmental Liability Agreement with the Province of New Brunswick in regards to the historic environmental liabilities at the Caribou mine and the Bathurst Mining Camp. The agreement is based on a report prepared by Stantec Consulting Ltd. titled “Program for the Protection, Reclamation, and Rehabilitation of the Environment”.
As quoted in the press release:
Under the Agreement, Trevali will be responsible for all environmental liability and reclamation costs associated with the Caribou Mine on closure, other than in respect to any historic liabilities.
Trevali Mining Corporation President and CEO, Dr. Mark Cruise said:
We are very pleased to complete this milestone with the Province of New Brunswick following our recent acquisition of the Caribou mine and mill in the Bathurst Mining Camp. With this agreement in place Trevali can now move another step forward in its near-term activation plans for its Caribou and Halfmile operations, which will form the foundation for the Company’s long-term growth strategies in the Bathurst Mining Camp.