Amur Minerals Corporation (“Amur” or the “Company”), an exploration and development company focused on Far East Russia, announces that has received formal notification that Rosnedra has completed calculation of the one-time payment to convert a portion of its exploration licence to a mining licence on its Kun-Manie nickel copper sulphide project.
Highlights:
- Rosnedra notifies the Company of the one-time fee to secure a mining licence over the area for which it has submitted its application at Kun-Manie
- The estimated conversion price for a mining licence for subsoil use is 24.6 million Rubles (approximately US$818,000)
- Prerequisite updated documentation has been submitted to Rosnedra and the Anti-Monopoly Service.
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