Province pays BC uranium company $30m for mining rights
Boss Power Corp. has agreed to surrender to the Province of British Columbia all claims to its uranium exploration and mining rights at the Blizzard Uranium Deposit in the Kamloops-Kelowna region.
The legal agreement supports the Province's goal of ensuring mining exploration is safe, sustainable and economically benefits British Columbians.
In 2008, the Province announced that it would not support uranium exploration and development, and prohibited related permits being issued to any company in 2009. At that time, Boss Power Corp. held a pre-existing claim to uranium deposits in that area.