Some Potentially Great News for Tyhee, as posted on today's Tyhee Investor Blog
posted on
Mar 05, 2010 05:06PM
Friday, March 5, 2010
I just got this information from yesterday's Canadian budget. The government said:
" The Government is committed to ensuring that a strong and prosperous North helps shape the future of our nation. Canada's Economic Action Plan included a number of investments in economic development, skills training, housing, and research infrastructure in support of the Government's Northern Strategy.
The resource potential in Canada's North is world-class, yet potential investors in northern resource projects face complex and overlapping regulatory processes that are unpredictable, costly and time-consuming. Streamlining the regulatory regime and removing barriers to private investment will support economic growth and help provide opportunities for Northerners by unlocking the resource potential in Canada's North, while at the same time protecting the environment.
Budget 2010 provides $11 million over two years to Indian and Northern Affairs Canada to support the acceleration of the review of resource projects in the North. These reforms will provide clarity and certainty for investors while ensuring that the environment is protec ted and that Canada 's obligations under existing land claims agreements with Aboriginal groups are respected ."
This is very good for Tyhee. Less hassles means a faster and less expensive process and the timing could not be better. This could, also, facilitate the plant's financing by reducing the investors' risks due to long and uncertain permit's process.
A special "Thank You" to the reader who sent this information to me.
Hubert