Kutcho Copper Enters into Economic Participation Agreement Negotiations with First Nations
13 Juli 2021 - 10:10PM
Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF)
(“Kutcho Copper”), the Kaska Nation (as represented by Dease River
First Nation (“Kaska”)) and the Tahltan Nation (as represented by
the Tahltan Central Government (“TCG”)) are pleased to announce
that they have agreed to begin negotiating Economic Participation
Agreements. The Agreements relate to the Kutcho Project, located
100 km east of Dease Lake in Northern British Columbia. This
negotiation process is significant and timely as the Kutcho
Project’s Feasibility Study is nearing completion, and Kutcho is
preparing to reenter the Environmental Assessment Process.
Kutcho Copper President and CEO, Vince Sorace,
commented: “Entering into negotiations regarding Economic
Participation Agreements with the Kaska and Tahltan Nations is an
important step forward for the Kutcho project and the Company. It
is a significant milestone indicating the willingness of all
parties to advance the Kutcho project towards completion of
permitting and, ultimately production. We are pleased and honored
to have such pro-active and supportive First Nation Partners for
the Kutcho project.”
The initial discussions will establish a
framework for Kaska the Tahltan Nation and Kutcho Copper to work
together in a spirit of partnership and cooperation to negotiate
mutually beneficial Economic Participation Agreements. The
agreements are expected to define:
- Mechanisms for
timely dialogue and communications that foster open direct and
respectful relationships.
- Cooperative and
collaborative processes for the environmental assessment,
permitting and eventual construction, operation and closure of the
mine.
- Ongoing
economic, employment, partnership and business opportunities for
Kaska and TCG once the project achieves approval and enters into
development and operations.
Kutcho is mindful of Indigenous Rights and Title
and is committed to establishing agreements that demonstrate its
responsibility to safeguard, uphold and respect those Rights and
Titles.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource
development company focused on expanding and developing the Kutcho
high grade copper-zinc project in northern British Columbia.
Committed to social responsibility and the highest environmental
standards, the Company intends to progress the Kutcho Project
through feasibility and permitting into construction and
operations.
Vince SoracePresident & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper
Corp., please email info@kutcho.ca or visit our website at
www.kutcho.ca.
Cautionary Note Regarding Forward-Looking
Statements
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release contains certain statements
that may be deemed “forward-looking statements” with respect to the
Company within the meaning of applicable securities laws.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or
that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Although Kutcho Copper believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward-looking statements. Such material risks and uncertainties
include, but are not limited to, the Company’s ability to raise
sufficient capital to fund its obligations under its property
agreements going forward, to maintain its mineral tenures and
concessions in good standing, to explore and develop the Kutcho
project or its other projects, to repay its debt and for general
working capital purposes; changes in economic conditions or
financial markets; the inherent hazards associates with mineral
exploration, and mining operations, future prices of copper and
other metals, changes in general economic conditions, accuracy of
mineral resource and reserve estimates, the ability of the Company
to obtain the necessary permits and consents required to explore,
drill and develop the Kutcho project and if obtained, to obtain
such permits and consents in a timely fashion relative to the
Company’s plans and business objectives for the projects; the
general ability of the Company to monetize its mineral resources;
and changes in environmental and other laws or regulations that
could have an impact on the Company’s operations, compliance with
environmental laws and regulations, aboriginal title claims and
rights to consultation and accommodation, dependence on key
management personnel and general competition in the mining
industry. Forward-looking statements are based on the reasonable
beliefs, estimates and opinions of the Company’s management on the
date the statements are made. Except as required by law, the
Company undertakes no obligation to update these forward-looking
statements in the event that management’s beliefs, estimates or
opinions, or other factors, should change.
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