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Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) and the Grand Council of the Crees (Eeyou Istchee), the Cree Nation Government and the Cree Nation of Nemaska have signed an Social Economic Partnership Agreement regarding the development and operation of the Whabouchi Lithium Project in Eeyou Istchee.
As quoted in the press release:
The Chinuchi Agreement is a binding agreement that will govern the long-term working relationship between Nemaska Lithium and the Cree parties during all phases of the Whabouchi Lithium Project. It provides for training, employment and business opportunities for the Crees during project construction, operation and closure, and sets out the principles of social, cultural and environmental respect under which the project will be managed. The Chinuchi Agreement includes a mechanism by which the Cree parties will benefit financially from the success of the project on a long term basis, consistent with the Mining Industry’s best practices for engagement with First Nations communities as well as with the Cree Nation Mining Policy.
Nemaska Lithium President and CEO Guy Bourassa, said:
I am obviously delighted that we have reached an agreement that is fair and equitable for all parties. Today we take a key step in a long journey that will lead all parties to the responsible mining of a non-renewable natural resource, to the mutual benefit of all involved.
Click here to read the Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) press release
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