Agoracom: Small Cap Investment - Canada Carbon Inc - TSXV-Listed Canada Carbon Up 30% After Quebec Court Allows Lawsuit Against Municipality To Proceed

Canada Carbon: very rare high purity, nuclear graphite quality

100% interest: 4 strategic graphite properties / 2 past producing graphite mines in Ontario and Québec

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TSXV-Listed Canada Carbon Up 30% After Quebec Court Allows Lawsuit Against Municipality To Proceed

posted on Nov 12, 2018 01:48PM

2018-11-12 01:19:57 PM ET (MT Newswires)

01:19 PM EST, 11/12/2018 (MT Newswires) -- Canada Carbon (CCB.V) was up 30% on Monday after the company said the Quebec Superior Court ruled against the municipality of Grenville-sur-la-Rouge's attempt to have the company's $96 million suit against it declared abusive.

Canada Carbon said the Superior Court declined to declare the action a Strategic Lawsuit Against Public Participation, though its request for $40,000 in legal costs was denied.

The company is pursuing the case after the municipality blocked a graphite mining and marble-quarrying project.

Canada Carbon will return to court on November 16 to ask that the project be allowed to proceed.

The company's shares were last seen up $0.035 to $0.15 on the TSX Venture Exchange.