12 November 2018
TMAC Resources Inc. has received the Project Certificate from the Nunavut Impact Review Board (“NIRB”) for the Madrid and Boston Project. The Project Certificate marks the end of the environmental assessment process including terms and conditions for monitoring and reporting.
In addition to the Project Certificate, the Nunavut Water Board (“NWB”) concluded final hearings on October 25, 2018. The NWB is expected to submit for approval, Type A Water Licences for the Madrid and Boston mines to the responsible Ministers of Crown-Indigenous Relations and Northern Affairs Canada (“CIRNAC”) by mid December. The ministerial approval is expected to follow 45 days thereafter. As a result, TMAC is pleased to move forward the anticipated timing for receipt of the Type A Water Licences to the first quarter of 2019.