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by Mike Caswell

Peter Smith, the 87-year-old geologist fighting efforts by Fancamp Exploration Ltd. to take control of the Magpie deposit in Quebec, has responded to a court case that Fancamp filed in the Supreme Court of British Columbia over the matter. Unfortunately for those seeking details, Mr. Smith has little to say about the substance of the case. His response complains in lawyerly fashion about the fact that the case was filed in B.C. and not in Quebec.

Mr. Smith is responding to a petition that Fancamp filed at the Vancouver courthouse on Nov. 6, 2025, in which the company sought ownership of Magpie Mines Inc., a private entity that holds the Magpie deposit (touted by Fancamp as "one of the world's largest undeveloped hard rock iron-titanium historic deposits"). The company said that it was Magpie's largest shareholder, with 96 per cent of its common shares and 66.6 per cent of a class of special shares. The problem, according to Fancamp, is that Mr. Smith holds Magpie's bank account and other assets, owing to his former role as Fancamp's president, and has refused to hand them over.

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