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Dec. 7, 2022
Ring of Fire Metals is taking the next step toward critical mineral development in northern Ontario with Webequie First Nation.
The mining company and First Nation signed a memorandum of understanding (MOU) Tuesday “outlining a framework for collaboration on the proposed development in the Ring of Fire,” located in the James Bay lowlands.
“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,” Ring of Fire Metals said in a news release.
The landmark agreement is an “important step forward” in the long-standing relationships between the two groups, the company’s acting CEO Stephen Flewelling said in the release, and “signifies a formal transition to a new phase of collaboration.”
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