Deninu K’ue First Nation members now able to become part owners of mine
People in Fort Resolution, N.W.T., have entered into a landmark agreement with a Toronto-based mining company. The Deninu K’ue First Nation members now have the option buying three per cent of Avalon Rare Minerals’ proposed mine at Thor Lake, which is about 130 kilometres east of Yellowknife.
The band signed an agreement with the company at a ceremony in Fort Resolution Monday. This is the first time a mining company has recognized the community of Fort Resolution as a partner.
“Part ownership, even though it’s not much of a percentage, it’s a good start. After fighting for IBAs [Impact Benefit Agreements] for all these years, not getting one, today, a lot of people should be happy,” said Robert Sayine, an elder and band councillor in the community.
The agreement is giving people hope for future opportunities. “It means a lot to me, but it’s the future and the younger generation coming up, and the young families, that is where we aim everything at,” added Sayine.