Aurania has three projects in Canton Valais, Switzerland – Siviez (Uranium, Copper and Gold), Marécottes (Uranium) and Mont Chemin (Gold). All are 100% held through Aurania’s wholly owned subsidiary AuroVallis SARL.
In 2015, the Company made formal application to obtain new five-year permits for its Swiss projects and were advised that the Canton Authority (the “Ministry”) intended to revise the Swiss Mining Law prior to issuing new permits. The applications were deemed legally “frozen”, therefore Management believes all rights, title and interest under the permits, have been preserved. To June 30, 2018, Management is unaware of any change in the status of the permits.