Mining License Application Filed with the
Government of Guinea
MONTREAL, April 2, 2019 /CNW Telbec/ - SRG Graphite
Inc. (TSXV: SRG) ("SRG" or the "Company") is pleased to
report that the Company has received its Environmental Conformity
Certificate from the government of Guinea for its Lola graphite project. This
certificate is the only environmental and social permit required to
move forward with the construction of the project. With this
certificate in hand, the Company is now in position to file for its
mining license, another crucial permit required for
construction.
"We are very pleased with the speed, thoughtfulness, and
dedication of the government counterparty in their approval
process," said Mr. David Vilder, CSR
Manager for SRG. "Our team, consultants, the local community, and
all levels of government worked together to produce a high-quality
environmental and social impact assessment. The approved
environmental action plan produced meets the needs of the local
communities and respects the natural environment surrounding the
project."
SRG worked with Montreal-based
EEM Sustainable Management ("EEM") and Guinean firms Sylvatrop
Consulting, a bio-diversity expert, and Guinée Environment Services
to produce a study which meets Guinea's standards and the International
Finance Corporation's ("IFC") 2012 edition of the Environmental and
Social Performance Standards.
The Company is partnering with Giovannetti Consultant ("GC") to
develop its resettlement action plan ("RAP"), which will also
follow IFC's 2012 edition of the Performance Standards, namely PS5
pertaining to land acquisition and resettlement. While only 150
economic relocations and 6 physical relocations are expected, a
well-detailed RAP is required to ensure best practices are
followed. Frederic Giovannetti,
founder of GC, brings over 38 years of relevant experience and has
recently led the preparation of the new IFC Resettlement Handbook
to be published in 2019.
With the Environmental Conformity Certificate in hand, the
Company now has all the required documents to apply for a mining
license from the Ministry of Mines. The Company filed its mining
license application on April 1,
2019.
ABOUT EEM SUSTAINABLE MANAGEMENT
EEM is an independent consultancy company, helping clients
assess, manage, and improve their environmental performance and
social impacts. The company strives to develop and implement
workable solutions for all concerned – at project sites, across
businesses, and in local communities.
ABOUT SRG
SRG is a Canadian-based company focused on developing mineral
deposits located in the Republic of Guinea, West
Africa. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srggraphite.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "expected", "ensure",
"opportunity", "demonstrate", or variations of such words and
phrases or state that certain actions, events or results "will",
"may", "could", "would" or "might". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information,
including but not limited to: (i) volatile stock price; (ii) the
general global markets and economic conditions; (iii) the
possibility of write-downs and impairments; (iv) the risk
associated with exploration, development and operations of mineral
deposits; (v) the risk associated with establishing title to
mineral properties and assets; (vi) fluctuations in commodity
prices and other risks and factors described or referred to in the
section entitled "Risk Factors" in the MD&A of the Company and
which is available at www.sedar.com, all of which should be
reviewed in conjunction with the information found in this
news release.
Forward-looking information is based on assumptions management
believes to be reasonable at the time such statements are made,
including but not limited to, continued exploration activities and
no material adverse change in mineral prices. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Such forward-looking information has been provided for
the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking information.
Forward-looking information is given as of the date of this press
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
securities laws.
SOURCE SRG Graphite
