Signal Gold Receives Crown Land Lease and Licence Offer for the Goldboro Project and Provides Permitting Update
2024. The Letter of Offer covers the Crown Land surface area associated with the proposed site infrastructure for the Goldboro Project and includes a total of 2,165 hectares of Crown Lands. The Letter of Offer was issued by the Nova Scotia Department of Natural Resources and Renewables ("NSDNRR") and is subject to certain standard conditions, including a survey of the related land area and a formal Cabinet approval. The Company continues to progress in the regulatory approval process including with respect to the Industrial Approval ("IA"), which was submitted in August 2023 and for which the Company is actively addressing questions and feedback from the provincial regulators. Additionally, the Federal permitting process is also advancing. The Company entered the Duty to Consult phase for the Fisheries Act Authorization and Schedule 2 Amendment of the Metal and Diamond Mining Effluent Regulations in Spring 2024, and recently concluded the public comment period on July 27, 2024. Signal Gold previously received the Environmental Approval for the Goldboro Project on August 2, 2022.