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Bullboard - Stock Discussion Forum Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s):  RMNXF

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on... see more

TSXV:RMO - Post Discussion

Rainy Mountain Royalty Corp > RRS...... RESOURCE REVENUE SHARING
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Post by TERRIBLE on Mar 07, 2019 11:19am

RRS...... RESOURCE REVENUE SHARING

https://www.ontariopc.ca/doug_ford_will_introduce_resource_revenue_sharing_for_northern_ontario

 

any one that is NOT disinterested, click on above link

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an exerpt from above link

 

Doug Ford Will Introduce Resource Revenue Sharing for Northern Ontario

Published on May 01, 2018

Will use all available tools to ensure development of the Ring of Fire

Revenue from mining, forestry and aggregates will help develop Northern Ontario Towns and Indigenous Communities

An Ontario PC Government will introduce formal resource revenue sharing that ensures Northern Ontario receives fair benefits from Northern Resources

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Et aussi, une autre “exerpt” (below link)

 

https://www.canadianminingjournal.com/features/wabun-chiefs-at-the-forefront-of-resource-revenue-sharing-in-ontario/

 

 

In April 2018, the Ontario government signed resource revenue sharing (RRS) agreements with three First Nation organizations, Grand Council Treaty #3, Mushkegowuk Council and the Wabun Tribal Council, representing 32 First Nations across Northern Ontario.

Starting in the fall of 2019, partner First Nations will receive 45% of government revenue from forestry stumpage, 40% of the annual mining tax and royalties from active mines at the time the agreements were signed, and 45% from future mines in the areas covered by the agreements. RRS agreements will provide a source of funding for First Nations to allocate towards key priorities, such as economic development, education, health, infrastructure, community and cultural initiatives.

Throughout areas with high mineral and forestry activities, developing a framework for RRS has been a priority for First Nation leadership for decades. The traditional and treaty territory of Wabun’s member First Nations (Brunswick House Frist Nation, Chapleau Ojibwe First Nation, Flying Post First Nation, Matachewan First Nation, Mattagami First Nation), which includes the Timmins and Kirkland Lake areas, is deemed to be one of the most prolific and longstanding mining jurisdictions in Canada.

 

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