The Conversation (0)
Highbank Resources (TSXV:HBK) announced the signing of a Cooperation Agreement with the Metlakatla First Nation and the Metlakatla Development Corporation.
As quoted in the press release:
The general terms of the CA are:
- To recognize and acknowledge Metlakatla claims to aboriginal rights and interests in their traditional territory within which the SPNA project is located;
- To develop and operate the SPNA project in an environmentally friendly manner and to comply with applicable laws relating to the protection of the environment and to ensure that all cultural and traditional use sites within the SPNA development area are protected and to exercise high standards of environmental stewardship;
- To provide Metlakatla the first opportunity to fill the positions of employment and securing contracts for the provision of goods and/or services for or related to the SPNA project;
- To provide the Metlakatla an opportunity to share in the success of the project, and will provide the Metlakatla with two and three year warrants to acquire up to 5,000,000 shares, subject to TSX Venture Exchange and/or regulatory approval;
- To have a good faith strong working relationship beneficial to all parties concerned; and
- Metlakatla undertakes, on its own behalf and on behalf of its members and businesses to not object to, or oppose, regulatory applications or approvals, Federal or Provincial, sought by Highbank with respect to SPNA operations.
Click here to read the Highbank Resources (TSXV:HBK) press release
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