Mines Management Closer to Environmental Approval for Montanore Project

Mines Management Inc. (NYSE MKT:MGN,TSX:MGT) announced its financial and operating results for the first quarter of 2014. The report also included recent milestones achieved in the permitting process for the Montanore Silver-Copper Project, including a final biological opinion from the U.S. Fish and Wildlife Service stating that Mines Management’s Montanore Project “poses no jeopardy to endangered or threatened species in the area around the project.”

As quoted in the press release:

Approval by regulatory agencies will be required before the Montanore Project can proceed with exploration and project development. The agencies that are involved with the major permits include the USFS, MDEQ, USACE, and the USFWS. There are other permits required, such as water rights, which will involve other agencies. The USFWS issued a Final BO for terrestrial and aquatic endangered species on March 31, 2014. The USFWS determined the proposed plan of operations of the Montanore project, when combined with the planned mitigation, would not jeopardize the continued existence of grizzly bears, lynx, and bull trout in the area around the project.

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