Empire Mining Corp. (TSXV:EPC) announced that its Bulqiza-Batra chromite license was returned after it won a lawsuit against the Albanian Ministry of Economy, Trade, and Energy. The license permits Empire to drill and pursue underground development and evaluation at the site for one year.
As quoted in the press release:
Empire’s lawsuit challenges the 2011 METE ruling, which systematically removed regions with the most prospective value from Empire’s Bulqiza-Batra license, including areas containing significant historical resources of chromite. Although it explored other avenues to having METE’s decision reversed, Empire believed its best recourse was to sue METE. Empire has successfully argued that METE’s ruling violates applicable Albanian mining law and that Empire should have been granted the extension on the entire geographical area requested. Empire’s position has now been validated by two levels of the Albanian legal system.
Empire president and CEO Dave Cliff commented:
This is a momentous event for Empire and its shareholders. Empire has been vindicated and we have reclaimed assets that many thought would be impossible to recover. We’re now looking forward to advancing our chromite project for the benefit of our shareholders.