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Aquila Resources Announces Election of Directors

TORONTO (BUSINESS WIRE) Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“Aquila” or the “Company”) announces that the six nominees listed in the management information circular for its 2021 annual meeting of shareholders (the “Meeting”) held earlier today were elected as directors of Aquila. 129,198,908 shares were represented at the Meeting, representing 38.1% of Aquila’s ....

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Aquila Resources Provides Update on Its Back Forty Project


Press release content from Business Wire. The AP news staff was not involved in its creation.
Aquila Resources Provides Update on Its Back Forty Project
May 11, 2021 GMT
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila ” or the “
Optimized Feasibility Study
OTS ”) to lead an optimized feasibility study (the “
Feasibility Study ”) for the Back Forty Project. Aquila is leveraging OTS’ combined engineering, permitting, construction and operating expertise to unlock value and advance the Back Forty Project through its next phase of development.
A key objective of the optimized Feasibility Study is to reflect feedback from the Michigan Department of Environment, Great Lakes & Energy (“ ....

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Aquila Resources Announces First Quarter 2021 Financial Results


Aquila Resources Announces First Quarter 2021 Financial Results
TORONTO (BUSINESS WIRE) Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) (“
Aquila” or the “
Company”) announces the filing of its financial results for the first quarter ended March 31, 2021. All amounts, unless indicated, are reported in US dollars.
Guy Le Bel, President & CEO, commented, “Since joining Aquila as President & CEO in February, my focus has been making an already strong project even better. I am pleased with the progress our team is making on the optimized Back Forty Project Feasibility Study, which will demonstrate reduced surface impact and a longer mine life for the benefit of all stakeholders. I continue to be impressed by Michigan as a jurisdiction, notably highlighted by last week’s Senate resolution in support of responsible mining in the State. We look forward to advancing the Back Forty though its next phase of development, while at the same time evaluating opportunit ....

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Back Forty mine dealt blow as Michigan judge stalls decision on permit


A proposed mine along the Menominee River in Michigan is facing another roadblock after a judge asked that a decision to approve a necessary permit be revisited. 
A Michigan Circuit Court judge last month asked that a 2019 decision to approve a mining permit for Aquila Resources should be revisited, according to nonprofit environmental law firm Earthjustice. In the order, the judge directed that additional evidence was needed in the original permit application, including documented concerns from Michigan environmental regulators regarding flawed groundwater modeling. 
The judge also said that the company failed to provide a complete assessment of potential alternatives to the proposed plan because several of the alternatives offered, such as an underground mine, did not include costs for operation.  ....

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