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Thacker Pass Project at a national level.  Project cultural mitigation plan and dam safety permit applications have also been approved to date. However, certain key state permits are still required for the Thacker Pass Project to proceed. These include air quality, water pollution control, reclamation and appropriation of water permits. Applications have been submitted and decisions for the bulk of the rights and approvals are expected from regulatory authorities later in 2021. However, there can be no assurance that all necessary approvals and permits will be obtained for either of the Company’s projects, projected timelines for permitting decisions to be made will be met, or the projected costs of permitting will be accurate. In addition, most major permitting authorizations are subject to appeals or administrative protests, resulting in the potential for litigation that could give rise to administrative reconsiderations or reversals of permitting decisions. Appeals and similar litigation processes can result in lengthy delays, with uncertain outcomes. Such issues could impact the expected development timelines of the Company’s projects and have a material adverse effect on its business.

 

 

 

 

Environmental Risks and Regulations:  page 70

 

 

 

 

 

 

Project Opposition Risks:  page 72

 

 

 

 

 

 

 

 

Thacker Pass Financing Risks:  page 74