Lat66 Welcomes Finnish Mining Act Amendments Amidst Court Setback

The latest announcement is out from DiscovEx Resources Limited ( (AU:LAT) ).

Latitude 66 Limited has announced that the Finnish Government is preparing amendments to the Mining Act, which would allow permits granted under the 1965 Mining Act to be administered under the current procedures. This move is expected to create a more predictable permitting environment for operators, potentially benefiting Lat66’s Juomasuo and Pohjasvaara mining rights. Despite a recent setback from the Supreme Administrative Court of Finland, which declined the company’s appeal regarding the extension of mining rights, Lat66 maintains its landownership and consent from minority landowners in the KSB Project area. The company remains committed to working with Finnish authorities to ensure legislative amendments support its long-term objectives.

More about DiscovEx Resources Limited

Latitude 66 Limited, trading as Lat66, operates in the mining industry, focusing on exploration and development projects. The company is primarily involved in the KSB Project in Kuusamo, Finland, where it has secured significant landownership and aims to leverage its established position to secure preferential rights in future permitting processes.

Average Trading Volume: 116,690

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$8.05M

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