- KORE Mining (TSXV:KORE) has announced it is partnering with the Torres Martinez Desert Cahuilla Indians of Southern California
- The two will collaborate on sustainable economic and business development ventures
- This includes advancing Project ACES and the Imperial Gold Project
- Shares of KORE Mining are down 0.86 per cent to C$12.65 as of 12:20 p.m. ET
KORE Mining (TSXV:KORE) is gearing up to partner with the Torres Martinez Desert Cahuilla Indians (TMDCI).
In a news release, the company said the two entities will collaborate on sustainable economic and business development ventures.
This will include advancing the Project ACES and the Imperial Gold Project and exploring joint venture opportunities in natural resource development in Imperial County and surrounding areas in Southern California.
According to the company, Imperial Gold’s mission is to generate a net positive environmental impact. As such, Project ACES proposes to supply materials to rehabilitate the Salton Sea.
Additionally, it is anticipated that Imperial Gold will create hundreds of skilled jobs and bring more than $1 billion in investmentto Imperial County.
KORE Mining and TMDCI will also work together on management and leadership training within the community and fostering economic diversification, stability and growth.
“Imperial County and the Salton Sea region in particular, is seeing a surge in geothermal energy and lithium extraction with companies like Berkshire Hathaway, Controlled Thermal Resources, and Energy Source all advancing large-scale projects,” James Hynes, CEO of KORE Mining, said in a statement. “It is anticipated that Project ACES and the partnership with the TMDCI can contribute significantly to economic growth, environmental quality, and community development.”
Headquartered out of Vancouver, KORE Mining owns 100 per cent of the Mesquite-Imperial-Picacho District.
Shares of KORE Mining are down 0.86 per cent to C$12.65 as of 12:20 p.m. ET.
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