The MOU provides guidelines and a communication protocol between GCOM and WFN for initial exploration work.
Green Shift Signs MOU with Whitesand First Nation. (Credit: omid roshan on Unsplash)
Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB: GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with the Whitesand First Nation (“WFN”) in connection with the Armstrong Lithium project (the “Armstrong Project”), located in the Seymour-Crescent-Falcon lithium belt, ~55 km northeast of the town of Armstrong and ~245 km from Thunder Bay in Ontario, Canada. As previously disclosed, the Company has an option to purchase a 100% interest in the Armstrong Project (see press release dated September 15, 2023 for information on the Transaction, and press release dated August 16, 2023 for detailed information on the Project).
The MOU provides guidelines and a communication protocol between GCOM and WFN for initial exploration work. It also prioritizes employment, training, and business opportunities between GCOM and WFN, enabling strong collaboration as the Armstrong Project is advanced toward an exploration permit. The MOU is for a three-year term.
With the MOU providing the green light to operate in the Armstrong Project area, GCOM has commenced initial groundwork with a mapping and sampling program consisting of 91 samples taken thus far.
Trumbull Fisher, CEO and Director of GCOM, commented, “We are honoured to collaborate with the Whitesand First Nation to advance the Armstrong Project. Though our project is at an early stage, we understand the importance of engaging WFN on their traditional territory. This MOU demonstrates our shared commitment to fostering meaningful and open dialogue and ensuring that we are building a long-term, mutually beneficial relationship.”
Source: Company Press Release