This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Copper North And Little Salmon Carmacks First Nation Sign Letter Of Intent

Stocks in this article: COL

VANCOUVER, Dec. 17, 2012 /PRNewswire/ - Copper North Mining Corp. ("Copper North" or "the Company") (TSX.V: COL) is pleased to announce it has signed a Letter of Intent ("LOI") with the Little Salmon Carmacks First Nation ("LSCFN") with respect to consultation on the Carmacks Copper Project ("the Project") in Yukon, Canada.

The Project is located in the LSCFN Traditional Territory and the consultation will allow the First Nation to fully understand the Project and how it will interact with their traditional land uses.

President and Chief Executive Officer, Dr. Sally Eyre stated "I am delighted that together, the Company and LSCFN have been able to establish a framework to continue consultation regarding the Project. Copper North and LSCFN each support and promote a co-operative and mutually respectful relationship concerning the environmental assessment process." Eyre further stated, "following technical review of the Project, and providing that the concerns of the LSCFN have been reasonably resolved by the Company, we will work towards executing an Impact and Benefits Agreement ("IBA")".

Chief Eric Fairclough of LSCFN added "we are encouraged by the Company's willingness to ensure that our citizens know and understand the merits of this proposed project, and this LOI signifies our mutual commitment to informed, respectful decision making".

The LOI:

  • Establishes the framework for consultation with LSCFN prior to submission of the Project Proposal to YESAB for the Executive Committee Screening Assessment and throughout the Quartz Mining Licence and Water Use License regulatory processes;
  • Commits Copper North to provide financial support to LSCFN so they may retain independent technical advice with respect to the assessment of the project and LSCFN may actively and productively participate in the assessment and regulatory processes;
  • Defines the communications protocol and relationship between Copper North and LSCFN, ensuring regular communication and full exchange of technical information related to the Project; and,
  • Provides for the negotiation of an IBA, providing that the concerns of LSCFN related to the Project have been reasonably resolved by Copper North.




1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,380.41 +263.17 1.63%
S&P 500 1,886.76 +24.00 1.29%
NASDAQ 4,258.4380 +41.0480 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs