04:04:58 EDT Sat 24 May 2025
Enter Symbol
or Name
USA
CA



CMC Metals Ltd
Symbol CMB
Shares Issued 57,823,646
Close 2012-07-10 C$ 0.13
Market Cap C$ 7,517,074
Recent Sedar Documents

CMC to receive BLM decision on Bishop by September

2012-07-11 12:08 ET - News Release

Mr. Donald Wedman reports

CMC METALS LTD. "BISHOP FACILITY UPDATE" PRESS RELEASE

CMC Metals Ltd. has provided an update on the Bishop facilities amended plan of operation. The company has received a schedule from the Bureau of Land Management's (BLM) Bishop office stating that the schedule the BLM is following will provide the decision document on the plan of operations by the end of September. Following receipt of the decision document, the company can commence the construction of the tailings impoundment and commission the facilities that have been in suspension while the water licence and amended plan of operations were being reviewed and approved. Although the facilities had an NEPA performed and accepted, the BLM felt that the reconstruction of the tailings impoundment to a higher environmental standard was a significant change that required the NEPA to be re-evaluated. The BLM review of the NEPA is scheduled to be completed by early September, 2012. Once the decision document is received, the construction and commissioning period would take an additional two months. The California Lahontan Water Board is the leading agency for the project and has provided approval of the project as of July 13, 2011, plus providing a negative declaration, stating that, "The project will not have a significant effect on the environment." In short, the company is confident in having the amended plan of operation accepted by the BLM. Therefore, the Bishop facilities should be in a position to be fully operational before year-end.

Furthermore, the company is pleased to announce that it is in negotiations for direct ship ores from the Radcliff mine. Currently the operation is conducting underground development of the main haulage drift and sublevel. As the development work continues, the ore produced will be suitable for direct ship ores. Until the run-of-mine ore has been crushed, representatively sampled and weighted by a certified scale, the tonnage and grade will then be reported.

In compliance with National Instrument 43-101, Don Wedman, PEng, president and chief executive officer of the company, is the qualified person who prepared or supervised the preparation of the technical information presented in this news release.

This news release was prepared on behalf of the board of directors, which accepts full responsibility for its contents.

© 2025 Canjex Publishing Ltd. All rights reserved.