Strateco’s Uranium Project Gets the Go Ahead

Strateco Resources Inc. (TSX:RSC,FWB:RF9) announced it has received approval to begin exploration at its Matoush uranium project in Quebec.

As quoted in the press release:

The federal administrator announced yesterday in a letter to Stratecto’s President and Chief Executive Officer that she was authorizing the Matoush uranium exploration project. She specified that the decision in favour of the Matoush exploration project is conditional on the mentioned conditions, and underscored the importance of ensuring the proper implementation of the communication and information agreement signed between the Cree Nation of Mistissini and Strateco.

Strateco’s President and CEO, Guy Hébert said:

We are very proud of the minister’s decision, which is a first for a junior uranium exploration company in Canada. We have worked hard for these approvals, and we are confident that we will be able to meet all the requirements associated with the Matoush project development, including first and foremost those related to satisfying the Cree community of Mistissini.

Click here to read the Strateco Resources Inc. (TSX:RSC) press release.