Puma Exploration (PUMA) has signed a Memorandum of Understanding with the Pabineau First Nation in New Brunswick.
The MOU is to collaborate on mutually beneficial initiatives in mining exploration in the traditional territory of Pabineau First Nation.
The objective and intent of both parties, in forming the working relationship, is to complement each other’s strengths and combine skill sets that will benefit the group as a whole and pursue projects useful to both Pabineau First Nation and Puma Exploration.
“We are pleased to be entering into an MOU with Puma Exploration to identify and pursue opportunities related to the mining exploration sector. Our community is eager to benefit from the jobs and economic prosperity this new industry will bring to the province," said Pabineau First Nation Chief Terry Richardson.
“Given that the project is still at an early stage of exploration, it was the best time to initiate discussions and dialogue with the local first nations and surrounding communities to build a long-term, friendly and peaceful relationship. Puma understands the importance of engaging First Nations on their traditional territory and looks forward to more engagement as the project progresses,” said Puma Exploration Chief Executive Officer Marcel Robillard.
The MOU will remain in force and effect for one year and will continue to be renewed year-to-year unless terminated by one of the signatories.
Puma Exploration is a mineral exploration company with precious and base metals projects in early to advanced stages located in the Famous Bathurst Mining Camp in New Brunswick.
Puma Exploration is up 1.54 per cent, trading at $0.33 at 12:56 pm ET.