Title : Plateau Energy Metals (PLU.v) mega fail
link : Plateau Energy Metals (PLU.v) mega fail
Plateau Energy Metals (PLU.v) mega fail
On February 20th 2019, Peru's geological regulatory body INGEMMET, via its Presidential Resolution 0464, decreed that due to non-payment of concession fees in both 2017 and 2018 the wholly owned subsidiary of Plateau Energy Metals (PLU.v) would be stripped of 32 concessions from its flagship project in the Macusani region of Puno, Peru. What's more, one of the 32 concessions now stripped from the company is Ocacasa 4 which is 1000 hectares of the total 1,700 hectare zone of the property that contains its lithium resource.
This snafu rates highly in IKN's "Annals of Material Event Disclosure Failure." Frankly amazing that the company has tried to keep this under wraps.
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