VANCOUVER, March 6, 2013 /CNW/ - Curis Resources Ltd. (TSX: CUV)
("Curis" or the "Company") responds to a recent vote by the Florence
Town Council authorizing the acquisition of private land owned by Curis
through eminent domain for the purported purpose of a wastewater
treatment facility. The Town's recent action has no legal effect on
the ownership of the Company's land or near-term project development
The law in Arizona and the United States places a high value on the
right to own private property and heavily restricts government bodies
from unwarranted takings of private property. The Fifth Amendment of
the United States Constitution provides that "[n]o person shall be …
deprived of life, liberty, or property, without due process of law; nor
shall private property be taken for public use, without just
compensation." Hence, Curis has no doubt that the courts will not
permit the Town to follow through with this Council authorization.
The use of eminent domain comes with onerous legal burdens of proof and
costs for the Town if it fails to meet them. Given the tremendous
amount of vacant desert land in the region of the Town and the
typically small footprint of a wastewater treatment plant, the
selection of Curis' entire private property holdings as a potential
site for a wastewater treatment plant lacks foundation.
The Town's attempted action does not include the 160-acre state trust
land parcel on which Curis can operate for nine years, including the
Phase 1 production test facility and the first years of commercial
operations of Florence Copper. Once final permits are received, Curis
plans to continue to move forward with the Phase 1 production test
facility in the near-term. The Phase 1 production test facility is
intended to demonstrate the safeness of the project, that it operates
well within the parameters established by the State (ADEQ) and the
Federal (EPA) agencies, and that it provides significant employment and
economic benefits and opportunities in the Town and region.
Curis has advised the Town that it is willing to meet, discuss and
address any and all concerns with respect to the proposed Florence
Copper development, including the ability to accommodate the wastewater
treatment facility. The Company remains committed to an open and
respectful dialogue with the elected officials and citizens of the
Curis Resources Ltd. is a mineral development company associated with
Hunter Dickinson Inc., a diversified global mining company with a
25-year history of mineral development success. Curis is focused on
the acquisition, development and operation of high-quality
next-generation copper properties in progressive jurisdictions around
the world. It is currently focused on advancing its 100% owned
Florence Copper Project in Arizona, USA to near-term production.
For more project-level information, sign up to receive News and Updates from the Florence Copper website.
President & CEO
No regulatory authority has approved or disapproved of the information
contained in this news release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the company
expects are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
from those in the forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking
statements include fluctuations in market prices, exploitation and
exploration successes, continuity of mineralization, uncertainties
related to the ability to obtain necessary environmental, land use and
other permits, approvals, licenses and title on a timely basis and
delays due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation, the
final outcome of any lawsuits, the continued availability of capital
and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of
future performance and actual results or developments may differ
materially from those projected in the forward-looking statements. For
more information on the Company, investors should review the Company's
continuous disclosure filings that are available at www.sedar.com.
SOURCE: Curis Resources Ltd.
For further information:
Manager, Investor Relations