Staff
Naicatchewenin First Nation and Mineral Mountain Resources Ltd. have inked a Memorandum of Understanding (MOU) with respect to the latter’s gold exploration activities on its current and future properties in the Straw Lake area, the company said today in a press release.
A traditional ceremony celebrating the signing of this MOU will be formally held at the Naicatchewenin First Nation (Northwest Bay) on Friday (Oct. 7).
“The company’s Straw Lake gold exploration project is located within the boundaries of the Grand Council Treaty #3 territories, and the Naicatchewenin First Nation, which will be the most affected by the continued exploration and development of the project,” the company noted.
“Naicatchewenin and Mineral Mountain are entering into the MOU to reflect their commitment to forge a mutually-beneficial relationship, founded on mutual respect, through a process of ongoing dialogue and regular interaction.
“To that end, the company has agreed to inform Naicatchewenin in advance of its exploration proposals and timetables, and to conduct all exploration activities in an environmentally-responsible manner,” it added.
Mineral Mountain also has committed to offer employment opportunities to qualified Naicatchewenin FN members, as well as the opportunity to bid on contracts for services and equipment in an open bidding process, the press release noted.
Under the MOU, Mineral Mountain and Naicatchewenin FN also have committed to develop and implement an Impact and Benefits Agreement (“IBA”) to realize their objectives in a mutually-beneficial manner.
