Pacific Booker Minerals (PBM +69.7%) is skyrocketing after the Supreme Court of British Columbia late yesterday struck down an earlier ruling by the provincial government that denied the mining company an environmental permit to proceed with its Morrison copper and gold mining project, and ordered the government to reconsider PBM’s petition to build the project.
The B.C. government denied PBM’s petition a year ago, citing potential damage to Skeena River salmon, which sent shares down nearly 70%.
Pacific Booker Minerals (PBM) -70% at the open after the B.C. government rejects plans for a copper and gold mine in the province’s northwest, saying the project could endanger salmon in the Skeena River. PBM had planned to dig out 30K metric tons of copper and gold ore from the site each day over 21 years.