Osisko Metals (TSXV: OM | OTCQX: OMZNF | FRANKFURT: 0B51) has announced that Pine Point Mining Limited (PPML) and the town of Hay River have signed a Memorandum of Understanding (MOU) stating their intentions to work together to seize opportunities for long term sustainable growth for Hay River through the development and operations of Pine Point Mining Project.
“Pine Point Mining Ltd. is committed to fostering positive and constructive relationships with communities with the aim of facilitating a positive impact from our mine development project and potential future mining operations for long-term sustainable growth for all communities impacted by our Project,” said Jeff Hussey, CEO of PPML.
The MOU allows both parties to identify and discuss issues that advance the development of the Project and provide long-term beneficial opportunities to the Town of Hay River, its residents and businesses that will continue well past the life of the proposed Project.
Pine Point Mining Ltd. is a joint venture between Osisko Metals Incorporated and Appian Natural Resources Fund III LP. The Town of Hay River is a municipal corporation established under the Cities, Towns, and Villages Act.
“The Pine Point mine presents an exciting opportunity to significantly benefit residents and businesses of Hay River,” said Her Worship Kandis Jameson, Mayor, Town of Hay River. “Our Town Council looks forward to working closely with Pine Point Mining Ltd. to maximize the economic potential of the project while thoughtfully considering all aspects of community impact.”
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