Kitsault Mine Ltd.
Avanti Kitsault Mine Ltd. (the "Company") is a privately owned company that wholly owns the Kitsault molybdenum project ("Kitsault"). Kitsault is fully permitted to construction.
Effective October 1, 2020, Alloycorp Mining Inc. (“Alloycorp”) and its and wholly owned subsidiary, Avanti Kitsault Mine Ltd., were amalgamated and the newly amalgamated company was renamed Avanti Kitsault Mine Ltd.
For historical financial, technical and regulatory information, please see Alloycorp’s filings on SEDAR. The Company is no longer a "reporting issuer" under Canadian securities laws and is not required, nor does it intend to, file updated disclosure documents on SEDAR. The information on SEDAR is historical information, presented only as of the date of the document that contains the information, and should not be relied upon as current.
The Avanti Kitsault Project is situated in the Nass Area near the traditional territories of the Nisga'a Nation, Metlakatla First Nation, Gitanyow First Nation and Wilp Luuxhon. The Company remains focused on maintaining its relationship with all communities in the region and is very mindful of the importance of meeting its commitments.
On June 3, 2014, a Co-operation and Benefits Agreement ("CBA") was announced with the Nisga'a Nation and Avanti Kitsault Mine Ltd which marked a milestone in the Company’s relationship with the Nisga'a Nation.
Tne Company has also executed memoranda of understanding (collectively, "MOUs") with the Metlakatla, Gitanyow and Wilp Luuxhon, in which both parties agree to work together in a respectful and constructive manner. The Company has provided some capacity funding to these groups already and is committed to work with them to help realize training and employment opportunities.
LOCATION AND OVERVIEW
The Kitsault Project is located 140 km north of Prince Rupert, British Columbia and south of the head of Alice Arm, an inlet of the Pacific Ocean, in the Skeena Mining Division. The Kitsault Project was a producer of molybdenum between 1967 and 1972 and again between 1981 and 1982. The Kitsault Project is fully permitted for construction.
The Company holds a 100% interest in the Project.
The Company initiated the environmental assessment process for Kitsault in April 2010. In March 2013, the Environmental Assessment Office ("EAO") of British Columbia referred the project to provincial Ministers for a decision on whether to issue an Environmental Assessment ("EA") certificate. An Assessment Report was prepared by the EAO, summarizing the proposed project and identifying potential environmental, economic, social, heritage health effects of the proposed project. An EA Certificate was issued by the provincial government in March 2013, following the conclusion that the Avanti Kitsault Project is not expected to result in any significant adverse effects based on the mitigation measures and conditions of the EA Certificate. Final EA approval was received by the Government of Canada in June 2014.
Mario Caron, Chairman
Fraser Sinclair, Chief Financial Officer & Corporate Secretary
Shane Uren, Vice President Safety, Health & Environment
Avanti Kitsault Mine Ltd.
Suite 2600, Three Bentall Centre
595 Burrard Street, P.O. Box 49314
Canada V7X 1L3