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Crown Mountain coal project continues to advance

Published by , Editorial Assistant
World Coal,

Environmental, engineering, and EA permit application activities are all in-progress.

  • The US$0.6 million raised via placement this month has allowed additional work to be authorised.
  • Crown Mountain remains on the development schedule contained in the April PFS Update.
  • The company has approximately US$4 million on hand.

  • Jameson Resources has provided an update on the Crown Mountain Coking Coal project, which remains on the development schedule contained in the April PFS update. The recent placement of US$0.6 million has allowed additional work to be authorised to continue advancing Crown Mountain in the areas of engineering and environmental permitting. 20 governmental members of the Environmental Assessment working group visited the project site: the document preparation portion of the pre-application phase of the EA process is drawing to a close, as the Application Information Requirements (AIR) is nearly complete. Multiple entities are working on various elements related to EA permit application compilation, and design engineering of the spoil disposal area. Jameson continues to attract a growing number of interested potential off-take and strategic partners. Discussions with those parties centre on acquiring funding for completing the permitting process and executing a Bankable Feasibility Study, with an eye toward construction requirements as well. With approximately US$4 million cash on hand and no debt, Jameson is well situated to continue advancing Crown Mountain while third party discussions progress.

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