MILLER PROJECT: CANADA CARBON CONCERNED ABOUT CPTAQ DECISION ON THE DEVELOPMENT OF CRITICAL AND STRATEGIC MINERALS IN QUEBEC

Core Viewpoint - The decision by the Commission de protection du territoire agricole du Québec (CPTAQ) to refuse the development of the Miller graphite project raises concerns about its implications for critical mineral projects and the Quebec mining industry as a whole [1][4]. Company Summary - Canada Carbon Inc. (CCB) is focused on the acquisition, exploration, and development of graphite deposits, having acquired two historic graphite mines, the Miller and Asbury mines, in Quebec [8]. - The company believes the CPTAQ's decision is flawed and disregards a Preliminary Economic Assessment that highlights the project's economic benefits [3][6]. - Canada Carbon is evaluating options in response to the CPTAQ's ruling, including a potential appeal [6]. Industry Summary - The CPTAQ's ruling on the Miller project is seen as a precedent that contradicts the Quebec government's goals to accelerate mining projects and the development of critical minerals [4][7]. - The Miller project is noted for its strong mineralogical potential for graphite, which is essential for Quebec's energy transition and aligns with government objectives [5][7].