Strateco Suing Quebec

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CBJ – Junior mining company Strateco Resources of Boucherville, Quebec is suing the Quebec provincial government for $190 million in what it says are investment losses following the government’s decision to block the company’s uranium project after years of costly preliminary work.

The Matoush uranium project in Northern Quebec was once highlighted as an integral part of former premier Jean Charest’s Plan Nord, a multibillion-dollar effort to develop Quebec’s north. But years later it remains undeveloped and is likely to remain as such unless Strateco manages to successfully get a court to overturn the decision.

@CanBizJournal

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