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Flying Nickel Signs Landmark Impact and Benefit Agreement with Norway House Cree Nation to Advance the Minago Nickel Project in Manitoba
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2023) - Flying Nickel Mining Corp. &#x...
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[{"type":"text","content":"Flying Nickel Signs Landmark Impact and Benefit Agreement with Norway House Cree Nation to Advance the Minago Nickel Project in ManitobaVancouver, British Columbia--(Newsfile Corp. - March 14, 2023) - Flying Nickel Mining Corp. (TSXV: FLYN) (\"Flying Nickel\" or the \"Company\") is pleased to announce the signing of an Impact and Benefit Agreement (\"IBA\") with Norway House Cree Nation (\"NHCN\") to advance the development of the Minago Nickel Project (\"Minago\") located in the prolific Thompson nickel belt in Manitoba, Canada.\"This project is planned to be the greenest nickel mine in the world and will provide Norway House Cree Nation with benefits including jobs, contract opportunities and a direct financial contribution. It will enable our Nation to become more independent from Government and create a future for our youth.\" Comments NHCN Chief, Larson Anderson.The IBA establishes the framework for Flying Nickel and NHCN to work together during all stages of the Minago project in its exclusive traditional territory. It sets the terms under which the project will be developed and operated throughout the complete project lifecycle with the consent and support of the NHCN.\"The IBA provides Minago project-related opportunities and benefits for current and future generations of the NHCN people and reflects both Flying Nickel and NHCN ongoing commitment to environmental protection. We look forward to continually strengthening and expanding our symbiotic relationship with NHCN \" Comments John Lee, CEO of Flying Nickel.Minago is one of Canada's largest and highest-grade open-pit optimized greenfield nickel projects*. In addition, Minago would potentially have one of the world's lowest carbon footprints for a mining operation**, utilizing Manitoba's hydro electricity generation. Specific terms of the IBA remain confidential. But generally, they include cooperation between Flying Nickel and NHCN by (i) establishing a cooperative and mutually respectful long-term relationship; (ii) providing employment capacity support and business opportunities to NHCN and its members; (iii) providing an independent director seat on the Flying Nickel board (with the person to be nominated by NHCN); (iv) providing a specialized mechanism for NHCN to subscribe to Flying Nickel common shares to increase project participation; (v) revenue-sh...