Jameson Advances Crown Mountain Project Amid Growing Coal Sector Support

Environmental Approvals and Indigenous Engagement

Jameson Resources Limited has continued to advance its Crown Mountain Hard Coking Coal Project in British Columbia, focusing on securing environmental approvals critical to project development. Throughout the December 2024 quarter, the company undertook extensive field studies to update baseline environmental data and responded to submissions from Indigenous Nations, community groups, and government regulators following the public and technical review of its Environmental Impact Statement (EIS) and Environmental Assessment Application (EAA).

Despite some delays caused by early snowfall and reassessment of rail loadout options, Jameson expects to resubmit the updated EIS/EAA to regulators in the June 2025 quarter. The company’s commitment to Indigenous engagement remains a cornerstone of its approach, highlighted by a landmark Environmental Assessment Process and Consent Agreement with the Yaqit ?a?knuqli 'it First Nation (YQT). This agreement positions YQT as a regulator and reviewer of the project, fostering a collaborative relationship that extends beyond the assessment phase to the project’s lifetime.

Community and Political Backing Bolsters Coal Sector Outlook

Jameson’s progress coincides with a notable upswing in political and community support for coal mining in Canada. The re-election of the NDP government in British Columbia, coupled with its commitment to streamline resource approvals, signals a more favorable regulatory environment. In Alberta, a referendum in the Municipality of Crowsnest Pass showed over 72% community support for the nearby Grassy Mountain Coal Project, while provincial policies have reversed previous bans on mining in the southern Rockies, enabling stalled projects to move forward.

These developments underscore a broader recognition of the steelmaking coal sector’s economic importance, which is further reinforced by significant global investments exceeding US$4.9 billion in coal assets. Jameson’s Managing Director, Michael Gray, was also elected to the Board of Directors of the Coal Association of Canada, reflecting the company’s growing influence within the industry.

Operational and Financial Position

Safety remains a priority for Jameson, with zero recordable injuries reported during the quarter and a 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) and Lost Time Injury Frequency Rate (LTIFR) both at zero. Financially, the company ended the quarter with A$2.58 million in cash and equivalents and no debt. Operating and investing activities reflected ongoing expenditure on environmental assessments and project development, with Jameson and its partner Bathurst Resources Limited funding costs in proportion to their equity interests.

Looking ahead, Jameson is exploring options to raise additional capital to support the Crown Mountain project through to permitting and final investment decisions. The company remains confident in its ability to secure funding, citing a stable shareholder base and positive project momentum.

Future Outlook

With the resubmission of the EIS/EAA anticipated in mid-2025, Jameson is positioning itself to meet key regulatory milestones by the end of the year. The company’s dual focus on rigorous environmental management and strong Indigenous and community partnerships will be critical as it navigates the final stages of approval. Meanwhile, the broader coal sector’s renewed political and financial support provides a favorable backdrop for Jameson’s development ambitions.