RNC Minerals Announces Signing Of Impact And Benefit Agreement For The Dumont Nickel Project With Abitibiwinni First Nation

RNC Minerals (TSX: RNX) (“RNC” or the “Company”) and the Abitibiwinni First Nation (AFN) are pleased to announce the signing of an Impact and Benefit Agreement (IBA) for the Dumont Nickel Project.
The IBA serves as a framework to govern the relationship with the AFN and lays out the commitments of the parties regarding the impacts and benefits of the Dumont Project. The parties to the IBA are the AFN and the newly established RNC-Waterton nickel joint venture.
The IBA provides for meaningful AFN participation in the Dumont Project through training, employment, business opportunities, collaboration in environmental protection and other means.
Mark Selby, President and CEO of RNC Minerals commented:

“RNC and the Abitibiwinni First Nation have been building a relationship of trust and respect for several years and we look forward to the AFN’s involvement in the successful development of the Dumont Project. We respect the communities in which we operate and we expect the Dumont Project will generate many lasting benefits for the AFN and other stakeholders. We look forward to advancing Dumont in cooperation with the AFN.”

About the Dumont Nickel Project and Nickel Joint Venture with Waterton:

RNC’s Dumont Nickel Project is one of the world’s largest undeveloped, permitted and shovel-ready nickel sulphide deposits. When in production, Dumont is expected to rank as the fifth-largest nickel sulphide operation in the world by annual production.
It contains the third largest nickel reserve in the world. On April 20, 2017, RNC Minerals announced the establishment of a new joint venture with Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Onshore Master, LP (collectively, “Waterton”) that will own and advance Dumont, and seek to acquire high quality nickel assets globally.

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