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This Agreement allows for pre-development activities to be undertaken on the property until a positive feasibility study compliant to NI 43-101 regulation is completed.
The Agreement promotes a mutually respectful relationship between Naskapi Nation and Scandium Canada concerning all of the pre-development activities to be carried out on the territory in relation with the
Naskapi Chief Theresa Chemaganish added, “Our Nation has a long history with mining activity which has left scars on our land and on our hearts. Until recently, mining exploration was conducted with minimal respect for our rights, despite the fact that our ancestors have occupied Nuchimiyuschiiy, our traditional territory, for millennia, alongside our Innu, Cree, Inuit and more recently, non-Indigenous neighbours. The Pre‑Development Agreement between the Naskapi Nation and Scandium Canada demonstrates that reciprocity is a core value and is reflected in their intent to include the Naskapi Nation in all steps of the development of the Project, while also offering the Naskapi Nation the opportunity to determine if the Project will go ahead. That is the true spirit of partnership, where both parties plan, decide and benefit together.”
The Agreement, which will be added shortly on the Company’s website, establishes a foundation for collaborative communications between the parties to facilitate Scandium Canada’s consultation with Naskapi Nation to ensure that any exploration and pre‑development activities within Nuchimiyuschiiy are conducted for the mutual benefit of Naskapi Nation and Scandium Canada, while recognizing the importance of the environment and Naskapi traditional territory and the associated indigenous and treaty rights of the Naskapi Nation and its members.
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Future Negotiation of Further Agreements
The actual Pre-development Agreement does not include the construction, operation or decommissioning of any mine, mill or related facility, which will be dealt with in aSocio-Economic Participation Agreement (“SEPA”), also commonly known as an Impact and Benefit Agreement (“IBA”) which will be negotiated and concluded prior to the implementation by Scandium Canada of the potential mine and the potential granting of authorizations issued by the authorities having jurisdiction.
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