Mines Management Gets Approval for Montanore Development

Mines Management Inc. (TSX:MGT,NYSEMKT:MGN) announced that the US Forest Service and Montana Department of Environmental Quality have issued records of decision (RODs) approving the development of the Montanore silver-copper project.
As quoted in the press release:

The agencies’ decisions approve the project defined in the preferred alternative as outlined in the Joint Final Environmental Impact Statement (EIS) previously announced on December 21, 2015, and provide a path forward for development of the project.
MDEQ’s conditioned approval amends the existing state Hard Rock Operating Permit #00150 to conform with provisions of the RODs, issues the Certificate of Compliance permit for the electrical transmission line and the Air Quality Permit for construction and operation up to 20,000 tons per day.

Glenn M. Dobbs, chairman and CEO of Mines Management, commented:

We have crossed the goal line. The Record of Decision is the major approval to complete the final evaluation and development of the project contingent upon compliance with its conditions. We are excited to have completed the eleven year permitting process that included two draft Environmental Impact Statements and at least three rounds of public comment.
It has been a long journey. Many naysayers said it couldn’t be done, but we did it. This monumental undertaking couldn’t have been accomplished without the support, hard work and dedication of many people in the communities of Libby and Lincoln County, Company staff, government agency personnel, elected officials, and our team of consultants including Klepfer Mining Services who oversaw the permitting process from beginning to end. Once fully developed and operating, the Montanore Mine will make a major contribution to the vitality of the local community and the state of Montana for many years to come.

Click here to read the full Mines Management Inc. (TSX:MGT,NYSEMKT:MGN) press release.