Canagold Advances New Polaris Project Through Key Permitting Stage

Canagold Resources Takes Major Steps with New Polaris Project

Canagold Resources Ltd. (“Canagold” or the “Company”) (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) is excited to announce a pivotal milestone as it continues to advance its New Polaris Project. This project is situated in the Traditional Territory of the Taku River Tlingit and marks an important step forward for the company's future in sustainable mining.

Environmental Assessment Process Progress

The announcement that the British Columbia Environmental Assessment Office (BCEAO) has issued a process order signifies the commencement of the Application Development and Review phase for the Environmental Assessment. This stage is crucial for the eventual permitting of the New Polaris Project, signifying a strong progress toward the operational phase.

Engagement with Stakeholders

During this phase, Canagold intends to diligently prepare and submit its application for an Environmental Assessment Certificate. The company is also committed to vigorous engagement with Indigenous Nations, regulatory bodies, and various stakeholders to ensure their interests and concerns are addressed throughout the process.

Thorough Review Process

Prior to granting the process order, BCEAO undertook a comprehensive review incorporating input from various stakeholders, including Indigenous Nations, the Technical Advisory Committee (TAC), Alaskan Tribes, and the general public through a public comment period. This collaborative approach underlines Canagold's commitment to responsible and community-oriented mining practices.

Company's Commitment to Sustainable Mining

“We are thrilled to continue advancing our permitting efforts for the New Polaris Project,” stated Catalin Kilofliski, CEO of Canagold Resources. “This milestone highlights our commitment to responsible mining practices and ongoing collaboration with Indigenous Nations, local communities, and other stakeholders. We look forward to building on this progress and moving the New Polaris Project closer to becoming a sustainable gold mining operation.”

Environmental, Social, and Governance (ESG) Standards

The New Polaris Project exemplifies Canagold’s dedication to generating long-term value by adhering to high environmental, social, and governance (ESG) standards. The Company is keen on providing updates as it progresses through the permitting stages, gearing up for the next phases of project development.

About Canagold Resources Ltd.

As an advanced development company, Canagold Resources Ltd. is steadfast in its mission to advance the New Polaris Project through the stages of feasibility, permitting, and production. The New Polaris Project serves as the flagship asset for the company, recognized for its high-grade gold-antimony deposit located in British Columbia.

In addition, Canagold is actively seeking to expand its asset base by acquiring advanced projects, thus positioning itself as a leading project developer in the mining industry. With an adept team of technical experts, the Company is in a strong position to unlock substantial value for its shareholders.

Frequently Asked Questions

What is the New Polaris Project?

The New Polaris Project is a high-grade gold-antimony mining project located in British Columbia, being advanced by Canagold Resources Ltd.

What milestone has Canagold recently achieved?

Canagold has received a process order from BCEAO, allowing the New Polaris Project to proceed to the Environmental Assessment Application phase.

How does Canagold engage with Indigenous Nations?

Canagold actively engages Indigenous Nations and local communities throughout its permitting process to ensure their interests are considered.

What are ESG standards?

ESG stands for environmental, social, and governance standards that guide companies in sustainable and ethical practices.

Where can I find more information about Canagold Resources Ltd.?

More details can be found on Canagold’s official website, providing insights about the New Polaris Project and other company initiatives.

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