02:51 PM EDT, 07/02/2024 (MT Newswires) -- Earthworks Industries ( EAATF ) was at last look down 35% on resumption of trade after the company reported it has received a notice from the United States Department of the Interior, Interior Board of Indian Appeals (IBIA) that it has affirmed the March 1, 2019, decision of the Pacific Regional Director, Bureau of Indian Affairs (BIA) cancelling the federally approved lease between Earthworks' subsidiary, Cortina Integrated Waste Management (CIWM) and the Kletsel Dehe Wintun Nation of the Cortina Rancheria, California.

According to a statement, CIWM holds a lease of 443 acres of the Kletsel Dehe Wintun Nation's Cortina Rancheria for the development of an integrated waste handling operation, which includes a material recovery system, composting, soil decontamination, and landfill operations.

Earthworks is proceeding with an appeal of the administrative decision.

Price: 0.13, Change: -0.07, Percent Change: -35.00