Mason Graphite, Conseil des Innus de Pessamit Sign Cooperation Agreement

Mason Graphite Inc. (TSX:LLG,OTCQX:MGPHF) and the Conseil des Innus de Pessamit announced that they have signed a cooperation agreement for the pre-construction stage of Mason’s Quebec-based Lac Gueret graphite project.

As quoted in the press release:

Rene Simon, Chief of the Pessamit Innu, expressed his satisfaction regarding the cooperation agreement signed with Mason Graphite, which not only clears the way for an Impact and Benefits Agreement (IBA) but provides for a fair distribution of construction, maintenance, and operating jobs and contracts, according to the available resources of the communities.

‘It’s understood of course that our side has some catching up to do in terms of economic development,’ said Chief Simon. ‘Pessamit doesn’t have the businesses and qualified workers that other parts of the Cote-Nord region do. That’s why the cooperation agreement includes incentives and training programs delivered through existing organizations as well as onsite apprenticeships once the project is underway. Our agreement with Mason Graphite is based on the principal of equity between two nations, which is why we, the Innu of Pessamit, are actively supporting it.’

Click here to read the full Mason Graphite Inc. (TSX:LLG,OTCQX:MGPHF) press release.