Exploration and development company Ring of Fire Metals (RoFM) has signed a memorandum of understanding (MoU) with the Webequie First Nation outlining a framework for collaboration on proposed development in the Ring of Fire, in northern Ontario.
The MoU details how the two parties will work together to progress ongoing exploration activity in the region, as well as negotiations on a partnership agreement for the proposed Eagle’s Nest mine.
The company’s Eagle’s Nest project is one of the biggest undeveloped, high-grade nickel/copper/platinum/palladium deposits in the world.
Eagle’s Nest will have an initial mine life of 11 years with the potential for a nine-year extension.
RoFM acting CEO Stephen Flewelling said the MoU was an important step forward in the company’s long-standing relationship with Webequie.
“We have worked well with Webequie for many years, but this MoU signifies a formal transition to a new phase of collaboration on the future of the Ring of Fire,” he said.
“Canada has a once-in-a-generation opportunity to develop the critical minerals the world needs to decarbonise, and it’s vital that Indigenous communities play a central role in how these projects are developed on their traditional territories.”
“As leaders and critical decision-makers, we have a social responsibility with our members and that is to find ways to sustain our community through long-term relationship agreements that will bring and foster livelihood,” added Webequie chief Cornelius Wabasse.
“We are exercising our sovereignty and the right to pursue economic sustenance in a manner that respects the land and brings opportunity for our young people.
“Our community encourages ongoing working relationships with Ontario and federal government, including First Nations, to work with us and support our community initiatives,” said Wabasse.