Montem Resources Ltd. plans on becoming the operator of steelmaking coal mines in Canada by developing its properties in the Crowsnest Pass in Alberta, Canada. The first step is to re-establish mining at the Tent Mountain mine, while exploring and evaluating the development potential of the Chinook project.
The Tent Mountain mine and the Chinook project are estimated to contain 232 million metric tons (mt) of in-place coal resources (JORC 2012), with four areas that have hosted previous open-cut and underground mining.
The previously mined properties have had extensive exploration, and as brownfield developments, are significantly more advanced than greenfield properties.
Over the past three years, Montem has completed extensive exploration and engineering studies, including a definitive feasibility study on the Tent Mountain Mine Restart Project.
Montem requires additional licenses to restart open-cut mining at Tent Mountain, and applications for these licenses are being prepared by the company.
In June, the Canadian Federal Minister of Environment and Climate change designated Tent Mountain as a project requiring review under the Federal Impact Assessment Act.
Hence, the Tent Mountain mine requires both provincial and federal approval to restart.
The federal process is being initiated in the third quarter of 2021 with the submission of the Initial Project Description to the Impact Assessment Agency of Canada (IAAC).