The Conversation (0)
Puget Ventures (CVE:PVS) reports that it has received conditional approval from the TSX Venture Exchange to acquire Karakul as well as cobalt, tungsten and other strategic-metals projects in Russia’s Altai Republic and in Mongolia.
The press release is quoted as saying:
The Exchange’s approval also pushes the company closer to becoming the only Canadian – and only western – mining company to explore and develop projects in the mineral-rich, pro-mining Altai Republic, a region in Southern Siberia of Russia with proven resources and reserves that shares borders with the similarly mineral-endowed neighbouring countries of Kazakhstan, Mongolia and China
Puget’s President, Erin Chutter says:
“The Altai region of Russia was explored with multiple deposits discovered during the Soviet era and is now ripe for the type of investment and development that we saw in Mongolia and Kazakhstan starting in the early 90s.” “The development of Karakul is an important first significant foreign invested mining project for the Altai Republic.”
Click here to access the entire news release.
