Globe & Mail 07:42 AM EDT, 05/27/2021 (MT Newswires) -- Dual Listed SolGold Plc (SOLG.TO, SOLG.L), which edged lower at last look in London, said Thursday that it will contribute at least US$450,000 in ESG projects in the vicinity of its Alpala Project in northern Ecuador as part of a three-year collaboration with Franco-Nevada Corp. (FNV.TO) and communities in the area.
SolGold will match or exceed contributions to be made by Franco-Nevada, which has agreed to pitch in $150,000 per calendar year for distinct ESG projects for three years.
Franco-Nevada will also sponsor SolGold's community recycling and waste management initiative in the area. The initiative will aim to develop a waste collection center and help with the creation of small businesses in the local communities, SolGold said, adding that it expects to sign the initial cooperation agreement with the local government in the coming days.
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