Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) said Tuesday that a Montana judge has issued a ruling related to the company's exploration license at its Emigrant project in southwestern Montana and the company has a strong case to appeal it.
Judge Brenda Gilbert of Montana's Sixth District Court recently made a ruling against Lucky Mineral's and Montana attorney-general Tim Fox's requests that Montana's District Court deny the appeal and uphold Lucky Mineral's private property rights.
"Based on Montana law, the comprehensive environmental assessment and the attorney-general's assertions," said Robert Rosner, chief financial officer and executive vice-president of Lucky Minerals in a statement. "We believe we have a strong case to appeal this order."
"Judge Gilbert's ruling threatens private property rights not only of this project, but it also threatens the private property rights of farmers, ranchers and a wide range of other Montanans throughout the state," added Rosner. "Montana has worked hard to put in place protections that allow job-creating projects like Emigrant to advance while preserving the safety and health of the community."
Judge Gilbert's order was issued in response a motion filed by Park County Environmental Council in June, 2018, which said strategic mineral exploration at the Emigrant project could impact Montanans' right to a clean and healthful environment.
The Emigrant Creek project contains several targets within a 15 square kilometer area owned or controlled by Lucky Minerals.
The company noted the attorney-general's brief submitted to Gilbert on the matter stated that the legislature never intended MEPA (Montana Environmental Policy Act) to be the roadblock tool of environmental groups for "indefinitely delaying and ultimately shutting down all resource development projects to which the environmental groups are philosophically opposed".
"Lucky Minerals will likely appeal Judge Gilbert's order and continue to fight for the private property rights which are the backbone of the Montana way of life," said Rosner. "The judge's order appears to have overlooked the attorney-general's assertion that MEPA is not intended to be used by special-interest groups to become a roadblock tool; rather, it must be used for oversight."
Lucky Minerals has a number of projects on the go and recently announced it has renewed the land package on its Fortuna project, which lies around 60 km south-east of the town of Cuenca, Ecuador.
Lucky holds a 100% interest in Fortuna, a 550 square kilometre property in the heart of a proven and highly mineralized mineral district in Ecuador.
Shares of Lucky were at C$0.09 on Tuesday.
Contact Katie Lewis at [email protected]