- Spanish Mountain Gold (SPA) and Lhtako Dene Nation have agreed to a working relationship
- The Engagement Agreement protects the rights of Lhtako Dene Nation
- The next step, the Relationship Agreement will outline the relationship of both parties throughout the construction, operation, and closure process
- Spanish Mountain Gold is an advanced gold-exploration company based in BC
- Spanish Mountain Gold (SPA) is up 2.27 per cent at C$0.22 per share at 2:05 PM EST
Spanish Mountain Gold (SPA) has signed an Engagement Protocol Agreement with Lhtako Dene Nation.
The project is located new Likely, BC, on Lhtako Dene Nation Land.
On November 29, 2021, all parties came together for a meeting where Spanish Mountain Gold presented the plans for the proposed development. Spanish Mountain Gold addressed questions regarding the construction, operation, and closure of the gold mine.
The meeting was followed by the execution of the agreement.
Spanish Mountain Gold believes including the Lhtako Dene Nation in the permitting process is critical.
The Engagement Agreement states that the Lhtako Dene Nation has existing rights and interests within its asserted Traditional Territory which includes the project. Both parties have agreed to work together for a long-term, mutually beneficial relationship.
This marks the completion of the first phase in a two-step process. Next, a Relationship Agreement has to be negotiated and completed within 90 days.
The Relationship Agreement will guide the relationship between Lhtako Dene Nation and Spanish Mountain Gold through the process of permitting, construction, operation, and closure.
CEO of Spanish Mountain Gold, Larry Yau, remarked on the agreement.
“I would like to thank Chief Lebrun and other members of the Chief and Council for their expeditious review and signing of the Agreement. […] We will now work diligently to complete the Relationship Agreement providing a clear and respectful framework to jointly advance our Project for the benefit of LDN and our shareholders.”
Spanish Mountain Gold is an advanced gold-exploration company based in BC.
Spanish Mountain Gold (SPA) is up 2.27 per cent at C$0.22 per share at 2:05 PM EST.