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Sanctions should not interfere with the work of "Silver Bear Resources" in Yakutia - Burchell

On July 23, the head of the Republic of Sakha (Yakutia) Yegor Borisov held a working meeting with a group of shareholders and investors of the Silver Bear Resources company, the press service of the head of the region reports.

Representatives of Silver Bear Resources brought with them not only existing, but also potential foreign investors of the project for the extraction of silver in the Mangazeya section of the Vertical deposit in Kobyai ulus.

For ten years, Silver Bear Resources has invested about 65 million dollars in geological exploration. Today it is time to build a mine for the extraction of silver, so the company again needs the support of the leadership of the republic in terms of licensing. Also, Silver Bear Resources would like to be among the companies implementing priority projects for the development of the Far East.

Separately, the Chairman of the Board of Directors of Silver Bear Resources, Robin Burchell, touched on the construction of energy and transport infrastructure in the area adjacent to the field, noting that the company is ready to participate in regional projects.

During the meeting, the leader of Yakutia raised the topic of sanctions against Russia. ABOUTHe noted that he considers inadmissible the use of such mechanisms as sanctions in relation to specific Russian companies and their managers. In his opinion, this will have negative consequences not only for Russia, but also for its foreign partners who work in the territory of Yakutia. Egor Borisov is also convinced that the Western media should stop the hysteria that they arrange, without understanding the situation completely.

Robin Burchell said that, fortunately, he still does not see that the political nuances in some way interfere with the joint activities of his company with Yakutia.

- Despite any sanctions, we are going to do our job completely. We are business people, not politicians, and therefore we are not guided by any political motives, - concluded Burchell.

In turn, President of Silver Bear Resources, Mark Treviziol, told Egor Borisov that he was a member of the Board of Directors of the Canadian-Eurasian Association, at the last two meetings of which the issue of sanctions against Russia was discussed.

- Today, members of our Association are making every effort to ensure that this moment does not affect our activities, added Treviziol.

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