Micron Enviro Systems, Inc. has received comfort letters from the Saskatchewan Government for 100% of the coal applications applied for. The comfort letter states that the applications made by Micron are first in line and therefore are given priority status. Micron has received comfort letters on the majority of all the applications made to date. These applications are in close proximity to a major new coal discovery recently made in Saskatchewan.
Bradley Rudman, president of Micron stated, “Management is excited to receive confirmation from the Saskatchewan government that Micron has priority in 100% of the most recent coal applications submitted. Management has been notified that final permits are expected to start being granted in the coming days on early applications submitted. We hope that our applications will be granted shortly. The government of Saskatchewan was inundated with applications and has so far given final permits to less than 5% of the applications made since Micron’s first application was submitted. Micron was one of the first companies to receive a comfort letter and anticipates that the final approval process will follow the same timeline. Management is also continuing to evaluate potash opportunities and hopes to have a final decision within this area in near future. Even in these difficult market conditions, management’s belief is to push forward and continue to pursue an aggressive growth strategy throughout the summer.”
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