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The property has been has been designated as traditional Nisga'a land, however, this is under discussion as the Metlakatla are also claiming rights to area. Highbank has a cooperative agreement with the Metlakatla and a verbal commitment to employ Nisga'a First Nations which has already been enacted as the property is being developed.
The B.C. Ministry of Energy & Mines- Mines & Mineral Resources Division have approved the extraction of up to one million tonnes of aggregate, the associated mine plan and environmental requirements pertaining to the operation. Since the operation is in Canada there are no conceivable political risks associated with the operation. Also with the First Nations agreements in place, no socio-economic difficulties are anticipated.
An established engineering company has been retained to complete a preliminary economic assessment, the findings of which will be posted on SEDAR and public announcements made disclosing the report contents as required. The Company further wishes to clarify that all non- compliant information has been either removed or will be rectified.
The disclosure of the technical information contained in this news release has been reviewed and approved by Peter Cain, Ph.D., P.Eng., who is a Qualified Person as defined under NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant, I.Eng; MAusIMM CEO/President/Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Highbank Resources Ltd.
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CODE : HBK.V |
ISIN : CA42982U1075 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Highbank Res. is a molybdenum exploration company based in Canada. Highbank Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.4 millions, € 1.3 millions). Its stock quote reached its highest recent level on June 29, 2007 at CA$ 0.81, and its lowest recent point on June 17, 2022 at CA$ 0.01. Highbank Res. has 119 482 954 shares outstanding. |