Mining firm seeks $190 million from Quebec for blocking uranium project – Yahoo

Dec 11, 2014

BOUCHERVILLE, Que. – A Quebec mining company is seeking about $190 million in compensation for the investments it made in a uranium project before the province blocked it last year from moving to the next stage.

Strateco Resources Inc. of Boucherville, Que., (TSX:RSC.TO – News) said Thursday the provincial government refused the authorization due to a “lack of social acceptability” — a term that it said isn’t been defined under Quebec law.

In its lawsuit filed in Quebec Superior Court, the company said it is seeking damages from the provincial government and environment minister.

Strateco alleged the province is liable because it abruptly changed course after former premiers Pauline Marois and Jean Charest encouraged investments in the uranium sector.