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Focus Graphite (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) announced it has signed a pre-development agreement with the Uashat Mak Mani-Utenam First Nation for the company’s Lac Knife project. The agreement is to enter a collaborative relationship in order to understand the impacts of the project and set a frame for a long-term partnership on the sustainable development of the project.
According to the press release:
The intent of ITUM-Focus agreement is to enter into a collaborative relationship in order to better understand the impacts of the project and to incorporate ITUM’s concerns into the Lac Knife mine development project planning. The PDA further lays out the possibility that future negotiations could pave the way to a long-term partnership that would allow for the sustainable development of the project in the region as well as innovative opportunities in the secondary transformation market, all the while working with ITUM to address the community’s social needs and supporting its long term vision and aspirations.
Don Baxter, President and Chief Operating Officer, said:
We are very pleased to announce this agreement with ITUM to work together regarding the Environmental and Social Impact Assessment (“ESIA”) of the Lac Knife mine development project. This Pre-Development Agreement with ITUM confirms that both parties will continue working together to better understand and assess the mine development project during the ESIA study process. Together, we will assess the environmental impact and project benefits in preparation for potential discussions towards the creation of a partnership.
Click here to read the Focus Graphite Inc. (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) press release
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