Canada Nickel Signs Groundbreaking Memorandum of Understanding with Taykwa Tagamou Nation on The Crawford Nickel-Cobalt Sulphide Project
Ontario Government Expresses Support for First Nation - Industry Partnership
(PresseBox) - Canada Nickel Company Inc. ("Canada Nickel" or ?The Company") (TSX-V:CNC) (OTCQB: CNIKF - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/) is pleased to announce that the Company has signed a Memorandum Of Understanding (?MOU?) with Taykwa Tagamou Nation (?TTN?) , with the objective of establishing a long-term, mutually beneficial business relationship.
?Canada Nickel is fully committed to the responsible development of the Crawford Nickel-Cobalt Sulphide project to deliver NetZero Nickel and Cobalt products. From the very beginning, our approach has been to work with First Nations and local stakeholders as partners in order to create shared value through economic opportunities, while also being respectful and responsible stewards of the natural environment.d resource-based economy within their Traditional Territory. We are grateful for the open and constructive communications we have had with them and look forward to moving forward together in the same spirit of partnership.?
TTN Electrical Transmission Project
As described in the MOU between TTN and Canada Nickel, TTN has already arranged access to capital so that it can own and develop the electrical transmission assets that will be necessary to supply Crawford with cost-effective and reliable power.
?Our community favours a development project like Canada Nickel?s that provides a positive economic impact, minimal environmental impacts with a commitment to deliver NetZero products, and has the foresight to engage with Taykwa Tagamou during the early stages of development,? said Chief Bruce Archibald, Taykwa Tagamou Nation.
TTN has made similar commitments to facilitating sustainable development through its investments to bring clean hydro electric power to industry and communities. TTN has also been a keen advocate with the Independent Electrical System Operator of Ontario (IESO) for upgrading and expanding the energy transmission network on their Traditional Lands.
The Chief concluded that, ?We are ready to support Canada Nickel?s Crawford project through the backing of our strong investment consortium in Canada and the US, and with the deep utility project and operation experience we have on our team.?
Ontario Supports First Nation and Industry Alliances
Greg Rickford, Minister of Energy, Northern Development and Mines; Minister of Indigenous Affairs congratulated both parties on reaching such a historic agreement.
?I congratulate Taykwa Tagamou Nation and Canada Nickel on the signing of their historic Memorandum of Understanding. Our government is proud to support First Nation-industry partnerships like TTN and Canada Nickel?s that create real economic development and job opportunities in Northern Ontario,? said Greg Rickford, Minister of Energy, Northern Development and Mines; Minister of Indigenous Affairs.
?Innovative partnerships like this one are outstanding examples of how First Nations and Ontario?s mining industry are leading the way in sustainable business development and corporate social responsibility. With TTN?s partnership and leadership in the region, the Crawford Nickel-Cobalt project is well-positioned to deliver the zero-carbon nickel and cobalt that the electric vehicle industry will need in the coming decades.?
About TTN
As a signatory of Treaty 9, Taykwa Tagamou Nation is a Mushkegowuk Cree community located near Cochrane, Ontario and maintains the traditional territory within the Abitibi, Moose, and Mattagami River basins, including areas on both sides of the Highway 101 coordinator.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets.www.canadanickel.com.
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Datum: 16.12.2020 - 08:29 Uhr
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