TORONTO, Nov. 28, 2012 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) is pleased to announce that the Environmental and Social Impact Assessment ("ESIA") for the Dumont Nickel Project has been filed with the relevant provincial and federal authorities for review.
The preparation of the ESIA document was led by GENIVAR Inc., a leading international engineering consulting firm that also played a key role in the preparation and submission of the Avis de Projet (Project Notice) in December 2011. Now that the ESIA has been submitted, the relevant provincial and federal authorities will begin a period of review and discussion with RNC. RNC anticipates receipt of the necessary permits for the development of Dumont by early 2014.
"I am very pleased with the progress our project team continues to make on delivering important milestones and moving the Dumont project forward," said Tyler Mitchelson, President and CEO of RNC. "I believe that RNC's commitment to proactively involving local communities in a voluntary public consultation process before the formal permitting process, and well in advance of development, is the right approach and will ultimately help to maximize the Dumont project's potential for all stakeholders."
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily on the exploration, evaluation, development and acquisition of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel Project strategically located in the established Abitibi mining camp, 25 kilometres northwest of Amos, Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to RNC's anticipation that the necessary permits for development will be obtained by 2014.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: third party opposition or government delays in the permitting process, the actual results of development activities; project delays; inability to raise the funds necessary to achieve the milestones or complete development; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE Royal Nickel Corporation