TORONTO, Sept. 25, 2014 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) is pleased to announce the publication of a report from the Bureau d'audiences publiques sur l'environnement's ("BAPE") that concludes that the development of the Dumont Nickel Project ("Dumont") is acceptable, provided adequate mitigation measures are implemented.
The BAPE report was recently submitted to the Quebec Minister of Sustainable Development, Environment and the Fight against Climate Change ("the Minister"). This report, along with the environmental assessment completed by the Ministry, will be taken into consideration by the Minister in order to formulate a recommendation on granting the main environmental permit for the Dumont project which is anticipated before the end of 2014.
"I am pleased that the BAPE report on the Dumont project has reached a positive conclusion. I believe the comprehensive and proactive approach taken by the RNC team throughout the Environmental and Social Impact Assessment and permitting process has been critical in advancing Dumont, which once developed would be one of Canada's largest base metal mines, and demonstrates our commitment to effective community consultation, communication and transparency as core values in the development of Dumont," said Mark Selby, President and CEO.
A copy of BAPE's report on the Dumont project is available at their website at www.bape.gouv.qc.ca.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel Project strategically located in the established Abitibi mining camp, in the municipalities of Launay and Trécesson, 25 kilometres northwest of Amos, Quebec. RNC also owns interests in two advanced stage nickel exploration properties: the Aer-Kidd project near Sudbury, Ontario and the West Raglan project in northern Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to the anticipated timeline for the permitting and development of Dumont.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Government action is not within the control of the Company. Moreover, there are no assurances that Dumont will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to achieve the milestones or complete development; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE: Royal Nickel Corporation
For further information:
Director, Investor Relations
T: (416) 363-0649
Mélanie Corriveau (French contact)
Community Relations Coordinator
T: (819) 727-3777