|By Marketwired .||
|June 30, 2014 09:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/30/14 -- Avanti Mining Inc. (TSX VENTURE:AVT) ("Avanti") is pleased to announce that approval of its environmental assessment application has been granted by the Hon. Leona Aglukkaq, Minister of the Environment, Government of Canada on June 27, 2014. The decision, reached after a comprehensive, science-based review led by the Canadian Environmental Assessment Agency ("CEAA"), concluded that the project is not expected to result in any significant adverse effects based on the mitigation measures and conditions of the environmental assessment approval. The CEAA and federal Ministers also concluded that the Crown's legal obligation to consult with First Nations and the Nisga'a Nation under chapter 10 of the Nisga'a Final Agreement, had been met.
"We are delighted with the decision of the Government of Canada to approve our environmental application," said Gordon Bogden, President and CEO of Avanti. "With this significant milestone having been achieved, we can now concentrate on the construction phase of the mine, our efforts on our project debt negotiations with our banking syndicate, and the exploration of other financial options including a sale of silver stream and/or investment by a strategic partner".
Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert, British Columbia. The Kitsault Mine Project received an environmental assessment certificate from the province of British Columbia in March of 2013, and an amended Mines Act permit on June 16, 2014.
For further information, please visit www.avantimining.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the "Corporation"). All statements, other than statements of historical fact, included herein including, without limitation; statements related to the construction of the Kitsault mine and the successful conclusion of debt finance, are forward-looking statements. These forward-looking statements are based on the opinions of management at the date the statements are made and are based on assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; and other risks and uncertainties disclosed in the Corporation's MD&A and the Annual Information Form for the year ended December 31, 2013, which are available at www.sedar.com. The Corporation is under no obligation to update forward-looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Avanti Mining Inc.
Gordon J. Bogden
President and Chief Executive Officer
Avanti Mining Inc.
Graham du Preez
Chief Financial Officer