Ecuadorian Government Provides Support for Mineral Exploration by Making Provision to Extend "Initial Exploration" Phase
Toronto, Ontario--(Newsfile Corp. - December 21, 2020) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that, on December 9, 2020, the Ecuadorian government adopted legislation whereby mineral concession-holders can be compensated for government-related delays in permitting by extending the term of the "Initial Exploration" phase. Mineral concessions in Ecuador are granted for a period of 25 years, provided that they are kept in good standing through annual concession fee payments to the State, annual work and expenditure commitments being...
Source: marketscreener.com