Strateco Reacts Positively to Survey Results

March 6, 2013 (Source: Marketwire) Boucherville, QC — Strateco Resources inc. (TSX:RSC)(FRANKFURT:RF9) looked at results from a Léger Marketing survey on the mining industry in general and uranium.

The survey shows that three quarters of Quebecers are not aware of any uranium mining project in Quebec. It should be noted that the Matoush project is not a uranium mining project but rather and advanced exploration project.

Furthermore, only 22 percent of Quebecers wish for a permanent moratorium on uranium mining. A little more than a third would like a provincial review before a uranium mining project is approved in the province. It should be noted that the Matoush project has been successfully subjected to the approval process of the federal government, the Canadian Nuclear Safety Commission and the provincial review committee (COMEX). If results from the advanced exploration are conclusive, any further step would have to go through once again the same type of mandatory federal and provincial public review process.

Subscribe here to receive free daily InvestorIntel updates

« Survey results confirm that, with a project such as ours, Quebecers want openness and transparency. This has been our approach since the beginning of the Matoush project and we will continue to act this way by creating, among others, a public committee with members from the community and independent government representatives,» said Guy Hébert, President and Chief Executive Officer, Strateco Resources Inc.

The survey also shows that a third of Quebecers support uranium mining projects almost equal the number not supporting them. It is quite revealing that almost 50 percent of respondents cannot motivate their position.

After receiving approvals from all the required authorities, the Matoush project has been waiting for an answer from the provincial government for almost two years.

Strateco Resources has filed a motion with the Quebec Superior Court in order to force the government to issue a decision regarding the advanced exploration phase. The Court recently granted a special case management to facilitate procedures.

This news release contains “forward-looking statements” subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>