The Conversation (0)
EMC Metals Corp. (TSX:EMC) received notice of a lawsuit filed against the Company on Friday June 22, 2012 in the Supreme Court of Victoria, Australia, by its Nyngan Scandium Project partner, Jervois Mining Limited.
As quoted in the press release:
The Company delivered a timely NI 43-101 F1 Technical Report on the Feasibility of the Nyngan Scandium Project (“the Report”) to the JV Partners in February 2012, designed to meet the specific requirements set out in the JV Agreement for a 50% earn-in to the Nyngan Scandium Project (the “Project”). EMC believes that all requirements for the Report as defined in the JV Agreement were met, however Jervois subsequently rejected the Report as inadequate, and denied EMC its 50% earn-in interest in the Project.
On March 23rd, 2012, EMC announced that it would enter without prejudice discussions with Jervois to attempt to resolve the dispute, which the Company has done. Those discussions have now ceased, with the initiation of formal legal action taken by Jervois.
Click here to read the EMC Metals (TSX:EMC) press release
Click here to see the EMC Metals (TSX:EMC) profile