A Memorandum of Understanding has been signed by Ring of Fire Metals and Webequie First Nation.
The move is another important step in the advancement of the massive mining project in northern Ontario.
The agreement allows both parties to work together on exploration activities.
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.
Ring of Fire Metals Acting CEO, Stephen Flewelling says it demonstrates their commitment to work with Webequie that is based on shared values, sustainable opportunities and collaborative decision-making.
Flewelling calls it an important step in their already long-standing relationship with the community.
He says the MOU “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.”
Webequie Chief, Cornelius Wabasse says, “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.”
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.
It will have an initial mine life of 11 years with the potential for a nine-year extension.
