A junior miner searching for battery-grade metals in the Timmins area has signed a memorandum of understanding (MOU) with a nearby First Nation community. Pancontinental Resources (Pancon) inked the cooperation agreement with Flying Post First Nation, northwest of Timmins, which came into effect Oct.1.
The Toronto-based exploration outfit has three early stage nickel-cobalt-copper projects in the area. The MOU indicates that the company respects Aboriginal and treaty rights when engaged in exploration activities, and lays out a framework for future engagement.
It sets down a consultation and accommodation process with the First Nation, that, as the projects advance, can evolve into negotiations for an impact benefit agreement (IBM) should any of the three projects reach the feasibility stage.
The IBM identifies business and job opportunities for community members to participate in the company’s activities and operations. In an Oct. 11 company news release, Flying Post Chief Murray Ray said he was pleased with the signing.
“The agreement outlines a process for mutual engagement throughout the exploration phase. Flying Post believes that exploration activities should be done in a manner that is respectful of traditional and treaty rights and the environment, and provide employment and business opportunities.
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