Micron Enviro Systems, Inc. announces that is has received final approval on 12 coal permits comprising of 22,456 contiguous acres. Additional permits are anticipated to be awarded within the coming weeks. Once all permits are received the company will formulate a work program going forward. These permits are located in close proximity to a recent major new coal discovery in Saskatchewan, Canada.
Bradley Rudman, president of Micron stated, “This is great news for MENV. We have been waiting for months for the granting of these permits and now are anticipating a more steady flow of news. MENV management is striving to continue to build shareholder value despite the current volatile overall market conditions. MENV is anticipating additional coal permits to be granted, and management is continuing to evaluate opportunities in other areas with significant upside potential, including potash. In additional to these factors, MENV is still holding a substantial amount of Alberta Oil sands leases. At current stock levels, these leases are contributing virtually no value in regards to the MENV’s share price, however the leases are for 15 years and management is very optimistic that these leases will provide considerable upside value in the future. These are difficult times, but MENV will push through and management will continue to provide shareholders with upside growth potential with the current projects in hand and potential new projects in the future.”