Shear Diamonds Announced Final Approval for Jericho Diamond Mine

Shear Diamonds Ltd. (TSXV:SRM) announced approval for an eight year Type A water license has been received for the Jericho diamond mine.

As quoted in the press release:

The Jericho Mine’s previous water license was for six years, and it is Shear’s understanding that the granting of this eight year water license is the longest in Nunavut’s history.

Shear’s CEO, Julie Lassonde said:

The news of the Minister’s final approval is instrumental in Shear’s next steps. The granting of the Type A water license allows us to continue towards our path to full commercial production at the Jericho Mine. Being granted the longest water license in Nunavut’s history is a true reflection of the hard work and dedication Shear’s team has given towards this project over the last 18 months.

Click here to read the Shear Diamonds Ltd. (TSXV:SRM) press release.