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Resouro Strategic Metals Inc. (RSGOF) Enters into MOU with the Government of Minas Gerais and Invest Minas
Sydney, Australia (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (O...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. (RSGOF) Enters into MOU with the Government of Minas Gerais and Invest Minas\n\n Sydney, Australia (ABN Newswire) - Resouro Strategic Metals Inc. (ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RSGOF) is pleased to announce that its subsidiary, Tiros Minerais Estrategicos Mineracao Ltda. (¨TMEL\"), has signed a non-binding Memorandum of Understanding (\"MOU\") with the Minas Gerais State Economic Development Department (\"SEDE\") and the Integrated Economic Development Institute (\"Invest Minas\").\n \n\n The MOU was signed in the Governor's room at the Industry Federation of Minas Gerais State (\"FIEMG\"). The State Secretary of Economic Development, Mr. Fernando Passalio, represented the Government of Minas Gerais and Mr. Joao Paulo Braga, represented Invest Minas. Chris Eager, Resouro's Executive Chairman represented the Company, together with CEO, Alistair Stephens, and Executive Director, Philippe Martins.\n \n\n The purpose of the MOU is to provide the foundations for a partnership for the State of Minas Gerais and Invest Minas to assist with the advancement of Resouro's Tiros Titanium and Rare Earths Project (\"Tiros Project\" or \"Project\"). The partnership will enable the Company to collaborate with Invest Minas to fast track the Project's development towards permitting, construction and mining.\n \n\n Key Terms of the MOU\n \n\n The MOU sets general commitments and efforts of each of the parties to achieve goals and objectives for the Project's development. The key commitments and efforts of the respective parties to the MOU are:\n \n\n Invest Minas:\n \n\n 1. Provide support for TMEL during the various stages of development of the Tiros Project, including:\n \n\n - Facilitating contact with government agencies;\n \n\n - Assisting in the process of Project approval and licensing;\n \n\n - Introducing and promoting interactions with suppliers to support the Company's activities;\n \n\n - Collaborating with the Project to sustain investments in the supply chain for raw materials and materials for permanent magnets and titanium-based composites in Minas Gerais;\n \n\n - Facilitating bilateral connections and forming partnerships for local value chain investments;\n \n\n - Considering and facilitating the implementation of supply contracts for companies interested in establishing themselves in th...