- Flying Nickel Mining (FLYN) announced the signing of an Impact and Benefit Agreement (IBA) with Norway House Cree Nation (NHCN)
- The IBA is to advance the development of the Minago Nickel Project located in the Thompson Nickel Belt in Manitoba
- Flying Nickel Mining is a premier nickel sulphide mining and exploration company
- Flying Nickel Mining (FLYN) is up 2.70 per cent trading at $0.19 per share
Flying Nickel (FLYN) announced the signing of an Impact and Benefit Agreement with Norway House Cree Nation.
The IBA is to advance the development of the Minago Nickel Project located in Manitoba’s Thompson Nickel Belt. It establishes the framework for Flying Nickel and NHCN to work together during all stages of the Minago Project on its traditional territory.
John Lee, CEO of Flying Nickel, commented on the news.
“The IBA provides Minago Project-related opportunities and benefits for current and future generations of the NHCN people. It reflects both Flying Nickel and NHCN’s ongoing commitment to environmental protection. We look forward to continually strengthening and expanding our symbiotic relationship with NHCN.”
“Minago is one of Canada’s largest and highest-grade open-pit optimized greenfield nickel projects. It would potentially have one of the world’s lowest carbon footprints for a mining operation, utilizing Manitoba’s hydro electricity generation.”
Mining at the Minago Project will generate significant quantities of high-quality dolomitic limestone and granitic country rock. These are raw materials used in the cement and construction industries. The IBA includes provisions for establishing a joint venture partnership between Flying Nickel and NHCN to process and market these products, fostering additional revenue and local employment.
About Flying Nickel
Flying Nickel Mining is a premier nickel sulphide mining and exploration company. The company is advancing its 100-per-cent owned Minago Nickel Project in the Thompson Nickel Belt in Manitoba, Canada.
Flying Nickel Mining (FLYN) is up 2.70 per cent, trading at $0.19 per share as of 2:20 pm ET.