Avanti Mining (TSX-V:AVT) has received environmental approval from the federal government for its Kitsault molybdenum mining project, the miner announced June 28.
The decision comes after an environmental review by the Canadian Environmental Assessment Agency found there would be no significant adverse as a result of the project.
“We can now concentrate on the construction phase of the mine, our efforts on our project debt negotiations with our banking syndicate and the exploration of other financial options including a sale of silver stream and/or investment by a strategic partner,” said Avanti president and CEO Gordon Bogden.
The assessment also found that First Nations had been adequately consulted with regard to the project; earlier in June, the company announced it had entered into an agreement with the Nisga’a Nation regarding the project.
Avanti said the project, which is located in northwestern British Columbia’s Nass region, would begin operations in 2014 and have a 14-year lifespan, supporting up to 300 full-time jobs.
