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. Continue Reading →