Treasury Metals announced that it has entered into a MOU with Eagle Lake First Nation in relation to the company’s Goliath gold project.
Treasury Metals Inc. (TSX:TML) announced that it has entered into a Memorandum of Understanding (MOU) with Eagle Lake First Nation in relation to the company’s Goliath gold project in Northwestern Ontario.
As quoted in the press release:
The MOU is a framework agreement between Eagle Lake First Nation and Treasury Metals to facilitate effective communication, engagement, and negotiation between the parties with respect to the project. The MOU will serve as an avenue to facilitate Eagle Lake First Nation’s meaningful continued participation in the federal environmental assessment and regulatory approval process for the project. Further, the MOU provides a structure for additional opportunities and pathways to participate in the project through employment, training and business development, financial participation and environmental and cultural protection.
Greg Ferron, CEO, commented:
A key goal of the Goliath gold project is to reflect the knowledge and input of all stakeholders and Indigenous communities in the development of the Goliath gold project and Eagle Lake First Nation’s regional experiences, and local traditional knowledge will help with the development of a socially and environmentally responsible project.