Highbank Resources Positive on Local Community Engagements

Highbank Resources Ltd. (TSXV:HBK,FWB:V7O) reacted to the announcement on revenue-sharing agreements of BC and the Lax Kw’alaams and Metlakatla First Nations. CEO Victor N. Bryant, said that “cooperative agreements such as these, and our agreement with the Metlakatla symbolizes the essential local community engagements that will see these LNG projects through to completion.” Highbank also announced that a final payment of a total $189,500 has been made.

As quoted in the press release:

The revenue-sharing agreements with Lax Kw’alaams and Metlakatla First Nations share a portion of provincial government revenues from Sole Proponent Agreements (“SPA”) related to the Grassy Point lands, and proponents Aurora LNG and Woodside. The Grassy Point lands have been identified as the potential site for new LNG export facilities and the SPAs give the proponents the exclusive right to move forward with activities to inform planning for LNG development.

The Company has achieved another milestone in completing our financial obligation to the Ministry of Energy and Mines (“MEM”) and the people of British Columbia with this final payment of a total $189,500 for the reclamation security deposit, as required prior to the Company initialing mobilization to the project site.

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