viewLucky Minerals Inc

Lucky Minerals welcomes Montana court ruling concerning Emigrant project

Lucky Minerals submitted an exploration licence application in 2015 for the property

"We are pleased with Judge Gilbert's ruling on the matter," said Lucky's chief executive

Lucky Minerals Inc (CVE:LJ, OTCQB:LKMNF) has welcomed a judge's ruling in Montana over the exploration licence concerning its Emigrant project in the US state.

The company and its subsidiary, Lucky Minerals Montana (LMM), submitted an exploration licence application in 2015 for the property

In July last year, the Montana Department of Environmental Quality (MDEQ) issued a final environmental assessment (EA) and approved the exploration licence application for core drilling.

In response to MDEQ's decision, Park County Environmental Council and Greater Yellowstone Coalition filed a lawsuit to set aside MDEQ's environmental assessment and in June this year

In June this year, they filed a motion for leave to amend the complaint and motion for Vacatur (making null and void)  the exploration licence along with a previously submitted conditional notice intending to challenge the constitutionality of the Montana code.

But Judge Gilbert's order dated June 29 read: "Because the requirements of Rule 5.1 M.R. Civ. P have not been met, the court must vacate the hearing."

"We are pleased with Judge Gilbert's ruling on the matter," said Robert Rosner, president and chief executive at Lucky Minerals.

"Due process starts with strict adherence to a well-defined legal code and procedures."

Earlier this week, Lucky Minerals Inc revealed it was planning an exploration program, expected to kick off soon on its Fortuna concessions in Ecuador.

Kilometric alteration and breccia zones have been delineated following reconnaissance field visits last January and February.

Satellite imagery has confirmed results from those surveys and four zones of interest in Fortuna 3 have been outlined measuring around 1 sq km each.

Quick facts: Lucky Minerals Inc

Price: 0.22 CAD

Market: TSX-V
Market Cap: $10.2 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Lucky Minerals Inc named herein, including the promotion by the Company of Lucky Minerals Inc in any Content on the Site, the Company receives...


2 min read