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Re: stocktrader1 post# 273

Tuesday, 02/16/2016 4:49:57 PM

Tuesday, February 16, 2016 4:49:57 PM

Post# of 325
This part is HUGE for MGN shareholders. It took 11 years to get these permits approved!

"We have crossed the goal line. The Record of Decision is the major approval to complete the final evaluation and development of the project contingent upon compliance with its conditions. We are excited to have completed the eleven year permitting process that included two draft Environmental Impact Statements and at least three rounds of public comment," Glenn M. Dobbs, the Company's Chairman and CEO, stated in response to the announcement.

"It has been a long journey. Many naysayers said it couldn't be done, but we did it. This monumental undertaking couldn't have been accomplished without the support, hard work and dedication of many people in the communities of Libby and Lincoln County, Company staff, government agency personnel, elected officials, and our team of consultants including Klepfer Mining Services who oversaw the permitting process from beginning to end. Once fully developed and operating, the Montanore Mine will make a major contribution to the vitality of the local community and the state of Montana for many years to come."