Fronteer Development Group Inc./Independent study

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Fri, Dec 4, 2009
Uranium Company News
Post by Melissa Pistilli, Uranium Reporter

FronFronteer Development Group Inc. reports that an independent Economic Impact Assessment of the Michelin uranium project indicates significant long-term economic benefits to regional governments and communities.

The Michelin Project, located in North Coast Labrador, Canada, is held by Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer.

The study estimates the Michelin Project would generate the following combined benefits for the communities and governments of Nunatsiavut and Newfoundland and Labrador:

  • 31,200 person years of employment
  • $2.9 billion in business and individual income
  • $1.8 billion in tax revenues

Click here for the full press release.

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