Joint Release - Kwanlin Dun First Nation and Gladiator Metals Corp.
Kwanlin Dun First Nation (KDFN) and Gladiator Metals Corp. (GDTRF) have signed a Capacity Funding Agreement dated August 1, 2024, regarding the Whitehorse Copper Project. The agreement formalizes the engagement process between both parties and outlines Gladiator's financial support for KDFN's project review, consultation activities, and environmental assessment participation. While this represents a milestone in building a long-term relationship, it does not indicate KDFN's approval of Gladiator's exploration activities within their traditional territory. The agreement establishes processes to address potential effects of mining activities and develop mitigation strategies.
La Prima Nazione Kwanlin Dun (KDFN) e Gladiator Metals Corp. (GDTRF) hanno firmato un Accordo di Finanziamento delle Capacità datato 1 agosto 2024, relativo al Progetto Copper di Whitehorse. L'accordo formalizza il processo di coinvolgimento tra entrambe le parti e delinea il supporto finanziario di Gladiator per la revisione del progetto di KDFN, le attività di consultazione e la partecipazione alla valutazione ambientale. Sebbene ciò rappresenti una pietra miliare nella costruzione di un rapporto a lungo termine, non indica l'approvazione di KDFN per le attività di esplorazione di Gladiator all'interno del loro territorio tradizionale. L'accordo stabilisce i processi per affrontare i potenziali effetti delle attività minerarie e sviluppare strategie di mitigazione.
La Primera Nación Kwanlin Dun (KDFN) y Gladiator Metals Corp. (GDTRF) han firmado un Acuerdo de Financiamiento de Capacidades con fecha del 1 de agosto de 2024, relacionado con el Proyecto de Cobre de Whitehorse. El acuerdo formaliza el proceso de compromiso entre ambas partes y describe el apoyo financiero de Gladiator para la revisión del proyecto de KDFN, las actividades de consulta y la participación en la evaluación ambiental. Si bien esto representa un hito en la construcción de una relación a largo plazo, no indica la aprobación de KDFN para las actividades de exploración de Gladiator dentro de su territorio tradicional. El acuerdo establece los procesos para abordar los posibles efectos de las actividades mineras y desarrollar estrategias de mitigación.
쿠안린 던 족 (KDFN)과 글래디에이터 메탈스 코퍼레이션 (GDTRF)는 2024년 8월 1일 자로 화이트호스 구리 프로젝트에 대한 능력 자금 지원 계약을 체결했습니다. 이 계약은 양 당사자 간의 참여 프로세스를 공식화하고 KDFN의 프로젝트 검토, 상담 활동 및 환경 평가 참여를 위한 글래디에이터의 재정 지원을 설명합니다. 이는 장기적인 관계 구축의 이정표를 나타내지만, KDFN이 그들의 전통적인 영역 내에서 글래디에이터의 탐사 활동을 승인했다는 것을 나타내지는 않습니다. 이 계약은 광업 활동의 잠재적 영향을 다루고 완화 전략을 개발하기 위한 프로세스를 설정합니다.
La Première Nation Kwanlin Dun (KDFN) et Gladiator Metals Corp. (GDTRF) ont signé un Accord de Financement des Capacités daté du 1er août 2024, concernant le Projet de Cuivre de Whitehorse. L'accord formalise le processus d'engagement entre les deux parties et décrit le soutien financier de Gladiator pour l'examen du projet de KDFN, les activités de consultation et la participation à l'évaluation environnementale. Bien que cela représente une étape importante dans la construction d'une relation à long terme, cela ne signifie pas que KDFN approuve les activités d'exploration de Gladiator dans leur territoire traditionnel. L'accord établit des processus pour traiter les effets potentiels des activités minières et développer des stratégies d'atténuation.
Die Kwanlin Dun First Nation (KDFN) und Gladiator Metals Corp. (GDTRF) haben am 1. August 2024 einen Kapazitätsfördervertrag bezüglich des Whitehorse Copper Projekts unterzeichnet. Der Vertrag formalisiert den Engagement-Prozess zwischen beiden Parteien und legt die finanzielle Unterstützung von Gladiator für die Projektprüfung, Konsultationsaktivitäten und die Teilnahme an der Umweltbewertung von KDFN fest. Während dies einen Meilenstein beim Aufbau einer langfristigen Beziehung darstellt, bedeutet es nicht, dass KDFN Gladiators Erkundungsaktivitäten in ihrem traditionellen Territorium genehmigt hat. Der Vertrag legt Prozesse fest, um potenzielle Auswirkungen der Bergbauaktivitäten zu adressieren und Strategien zur Minderung zu entwickeln.
- Secured formal agreement with local First Nation for project development
- Established framework for environmental and consultation processes
- Secured capacity funding arrangement for project advancement
- No formal approval received from KDFN for exploration activities
- Environmental concerns raised by KDFN Chief regarding mining legislation
- Additional funding requirements for KDFN support and consultation
Whitehorse, Yukon and Vancouver, British Columbia--(Newsfile Corp. - October 24, 2024) - Kwanlin Dun First Nation ("KDFN") and Gladiator Metals Corp. (TSXV: GLAD) (OTCQB: GDTRF) (FSE: ZX7) ("GM") are pleased to announce that they have entered into a Capacity Funding Agreement dated August 1, 2024 (the "Agreement"). GM is currently in the initial phase of permitting and undertaking ongoing exploration activities within KDFN's traditional territory in connection with GM's Whitehorse Copper Project.
The Agreement represents a positive milestone towards building a long-term relationship between KDFN and Gladiator, and they look forward to developing a sustainable relationship founded on mutual understanding, respect and open communication. This important Agreement outlines Gladiator's financial contribution to support KDFN's initial review of the Project, and participation in consultation activities, and any environmental assessment of the Project. The Agreement does not indicate KDFN's approval of Gladiator's exploration activities within KDFN's traditional territory.
The Agreement formalizes the process for KDFN and GM to meaningfully engage in respect of the Project and any other GM activities within KDFN's traditional territory. It sets out processes for GM and KDFN to engage regarding the potential effects of GM's activities and the potential strategies or measures, as appropriate, to avoid, mitigate and manage any such potential effects. GM has agreed to provide capacity funding to KDFN to support these processes.
KDFN Chief Sean Uyenets'echᶖa Smith commented: "We look forward to continuing to work with Gladiator Metals through KDFN's meaningful engagement in the ongoing permitting and exploration phase of the project. Outdated mining legislation needs to be updated to safeguard the environment before any large mining project moves forward."
Jason Bontempo, CEO of Gladiator Metals, commented: "Since the acquisition of the Whitehorse Copper Project, Gladiator Metals and the KDFN have established and grown a meaningful relationship via respectful consultation, participation, engagement, and transparency. I'm extremely pleased and proud that we are now formally engaged to outline the process of working together towards a Benefits, Cooperation and Foundation agreement for a long-term, mutually beneficial partnership during the exploration phase of the Whitehorse Copper Project in a manner respectful of the KDFN's rights and interests, including all environmental protections."
ON BEHALF OF THE BOARD
"Jason Bontempo"
Jason Bontempo
CEO
For further information contact:
| Dylan MacNeil, Communications Manager Kwanlin Dün First Nation Dylan.macneil@kdfn.net 867-332-3106 | Caitlin Cheadle, Investor Relations |
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227650
FAQ
What is the Capacity Funding Agreement between KDFN and Gladiator Metals (GDTRF)?
Does the agreement mean KDFN approves Gladiator Metals' (GDTRF) exploration activities?
What are the main purposes of the GDTRF agreement with KDFN?
