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June 22, 2022

FPX Nickel signs MoA with indigenous partner for Canadian mine

The MoA formalises protocols to continue cooperative working relating to the development of the nickel property.

FPX Nickel has signed a memorandum of agreement (MoA) with indigenous partner Binche Keyoh Bu Society (Binche Society) for the development of the Decar Nickel District in central British Columbia (BC), Canada.

A not-for-profit community organisation, the Binche Society represents the Keyoh families within the Binche Whut’en consultative boundary in central BC.

For the development of the Decar nickel property, FPX earlier signed a memorandum of understanding (MoU) with the Tl’azt’en Nation, which included Binche Keyoh families.

However, Binche was de-amalgamated from Tl’azt’en Nation and subsequently formed the Binche Whut’en in 2019.

With the MOA, FPX and Binche Society formalise protocols to continue cooperative working relating to exploration and development activities at the Decar property.

With support from Binche Society, the firm can undertake offsite engineering and scientific studies and an on-site field programme at the property.

Furthermore, the MOA outlines ways to manage the project activities relating to cultural and environmental interests of the Binche Whut’enne; community consultation activities; and socio-economic benefits to the Binche community.

FPX president and CEO Martin Turenne said: “Since the beginning of exploration activities at Decar in 2008, FPX has worked respectfully with the traditional Keyoh families of Binche Whut’enne and Tl’azt’enne to create shared value through employment and economic opportunities while also being responsible stewards of the natural environment.

“The signing of this Memorandum of Agreement marks an important milestone in the continued development of a mutually beneficial partnership between FPX and the Keyoh families of Binche Whut’enne.”

The Decar Nickel District is a greenfield discovery of nickel mineralisation, which is in the form of a naturally occurring nickel-iron alloy called awaruite.

Spread over an area of 245km², the Decar property covers part of the Mount Sidney Williams ultramafic/ophiolite complex located 90km north-west of Fort St.

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