The Prospector News

Ring of Fire Metals and Webequie First Nation Sign Memorandum of Understanding on Ring of Fire Development

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Ring of Fire Metals and Webequie First Nation Sign Memorandum of Understanding on Ring of Fire Development

 

 

 

 

 

Ring of Fire Metals and Webequie First Nation have signed a Memorandum of Understanding outlining a framework for collaboration on proposed development in the Ring of Fire.

 

The MOU details how the two parties will work together to progress ongoing exploration activity in the region as well as negotiations on a partnership agreement for the proposed Eagle’s Nest mine.

 

Webequie Chief, Cornelius Wabasse, said “As leaders and critical decision makers, we have a social responsibility with our members and that is to find ways to sustain our community through long term relationship agreements that will bring and foster livelihood.

 

“We are exercising our sovereignty and the right to pursue economic sustenance in a manner that respects the land and brings opportunity for our young people.

 

“Our community encourages ongoing working relationships with Ontario and Federal Government, including First Nations, to work with us and support our community initiatives.”

 

RoFM Acting CEO, Stephen Flewelling, said the landmark MOU was an important step forward in their long-standing relationship of more than 12 years.

 

“We have worked well with Webequie for many years, but this MOU signifies a formal transition to a new phase of collaboration on the future of the Ring of Fire,” he said.

 

“Canada has a once-in-a-generation opportunity to develop the critical minerals the world needs to decarbonize, and it’s vital that Indigenous communities play a central role in how these projects are developed on their traditional territories.

 

“This MOU demonstrates our commitment to work together with Webequie to develop projects based on shared values, sustainable opportunities for economic and community development and collaborative decision making.

 

“It reflects our approach to developing critical mineral projects that deliver mutual, long-term benefits for Webequie community members with a deep respect for their culture and land.”

 

Ring of Fire Metals’ Eagle’s Nest project is one of the largest undeveloped, high-grade nickel-copper-platinum-palladium deposits in the world, located in the Ring of Fire region of Northern Ontario. Eagle’s Nest will have an initial mine life of 11 years with the potential for a nine-year extension.

 

 


Webequie First Nation Chief, Cornelius Wabasse, and Ring of Fire Metals Acting CEO, Stephen Flewelling, sign a Memorandum of Understanding in Webequie on Ring of Fire development. (CNW Group/Ring of Fire Metals)

 

Posted December 6, 2022

Share this news article

MORE or "UNCATEGORIZED"


SIGMA LITHIUM LOADS 22,000 TONNE SHIPMENT OF TRIPLE ZERO GREEN LITHIUM CONCENTRATE TO GLENCORE AT A PREMIUM PRICE

HIGHLIGHTS Sigma Lithium announces that it will commence loading ... READ MORE

November 27, 2023

VIZSLA SILVER REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS ON THE COPALA AND COPALA 2 STRUCTURES

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ... READ MORE

November 27, 2023

Geomega Obtains $2.04M in Funding from NGen for Rare Earths Recycling Demonstration Plant

Geomega Resources Inc. (TSX-V: GMA) (OTC: GOMRF), a developer of ... READ MORE

November 27, 2023

Lavras Gold Drills 204 metres Grading 1.0 g/t gold starting at a drill hole depth of 31 metres at its Fazenda do Posto Discovery, LDS Project in Southern Brazil

Hole 23FP006 includes 65 metres at 1.9 g/t gold and including 10 ... READ MORE

November 27, 2023

Endeavour Silver Continues to Intersect High-Grade Silver-Gold Mineralization at the Bolañitos Operation

Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to rep... READ MORE

November 27, 2023

Copyright 2023 The Prospector News