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THUNDER BAY, ON, April 14, 2022 /PRNewswire/ – Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV:AIR) (FRA: CKU) (OTCQB:CLRMF) and Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek (collectively the “Cooperating Participants”) jointly announce that they have advanced their relationship through a signed Exploration Agreement (the “EA“) effective as of April 13, 2022.
Clean Air Metals and its wholly-owned subsidiary, Panoramic PGMs (Canada) Ltd., are undertaking mineral exploration and development activities on mining claims located in the Greenwich Lake Area and Tartan Lake Area, related to the Company’s Thunder Bay North Project (the “Project“). The Company’s exploration and development activities are located on lands which the Participating First Nations assert are part of their traditional territory and in which the Participating First Nations assert their members hold and exercise Aboriginal and/or Treaty rights (the “Rights“).
The EA confirms a framework for a mutually beneficial relationship between the Cooperating Participants regarding the Project, based on the relationship affirmed by a Memorandum of Agreement (“MOA“) signed January 8, 2021 (press release January 11, 2021). The MOA and new EA establish a foundation for collaborative and respectful communications to facilitate Clean Air Metals’ consultation with the Participating First Nations to identify:
- Potential impacts of the Project on the Participating First Nations interests and Rights;
- Design appropriate measures to mitigate and avoid any adverse effects; and
- To adopt an approach which enhances positive impacts and benefits.
The Cooperating Participants have affirmed their ongoing relationship through the new EA during the exploration phase of the Project effective from May 1, 2020 to present. The Cooperating Participants will work in good faith to negotiate a Long Term Relationship Agreement (“LTRA“) during the subsequent technical feasibility study phases of the Project.
Chief of Red Rock Indian Band, Marcus Hardy, stated that “the Participating Communities appreciate the commitment to equity, diversity and inclusion that Clean Air Metals continues to demonstrate. Sustainable development …
Full story available on Benzinga.com
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