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  • Wallbridge Mining Company Limited (WM) has signed a pre-development agreement (PDA) with its Cree Nation stakeholders in Quebec
  • The parties agreed to promote a cooperative and mutually respectful relationship between the company and its host stakeholders regarding its projects
  • The key point of the PDA is provision for enhanced Cree participation in the business and employment opportunities flowing from the Fenelon Project
  • Wallbridge is focused on creating value through the discovery, acquisition, development, and production of gold
  • Wallbridge Mining Company Limited opened trading at $0.195 per share

Wallbridge Mining Company Limited (WM) has signed a pre-development agreement (PDA) with its Cree Nation stakeholders in Quebec.

Under the agreement with the Cree Nation of Waskaganish, the Cree Nation of Washaw Sibi, the Grand Council of the Crees (Eeyou Istchee) and the Cree Nation Government, the parties will promote a cooperative and mutually respectful relationship for the exploration and pre-development activities of Wallbridge at the company’s Detour-Fenelon Gold Trend Properties in Northwestern Quebec.

The PDA was developed based on ongoing and continuous communications between the parties, which have allowed them to build a genuine and strong partnership regarding the exploration activities of Wallbridge.

The key point of the PDA is the provision for enhanced Cree participation in the business and employment opportunities flowing from the Fenelon Project, as well as the implementation of a jointly-developed cultural awareness program and the establishment of a cultural centre at Fenelon to sensitize workers to Indigenous realities and culture and to promote a working environment characterized by mutual respect.

The signatories to the agreement have agreed to support and facilitate Wallbridge’s exploration and pre-development activities and to cooperate in preparing all necessary environmental and social impact assessment studies relating to the Fenelon project.

“This foundational agreement marks an important milestone in our relationship and we look forward to building on this success as we advance the Fenelon project and our other properties on the Detour-Fenelon Gold Trend,” said Marz Kord, President & CEO of Wallbridge.

Wallbridge is focused on creating value through the discovery, acquisition, development, and production of gold from a portfolio of advanced exploration stage assets in established mining jurisdictions in Canada.

The Grand Council of the Crees (Eeyou Istchee) is the political body that represents the approximately 20,000 Crees or “Eeyouch”.

Waskaganish (Cree for Little House) is a Cree village of about 2,000 people at the mouth of the Rupert River on the south-east shore of James Bay in the Eeyou Istchee territory in Northern Quebec.

Washaw Sibi was recognized as the tenth Cree Nation at the 2003 Annual General Assembly of the Grand Council of the Crees / Cree Nation Government.

Wallbridge Mining Company Limited opened trading at $0.195 per share.


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