Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it reached agreement with the Tahltan Nation on terms related to Seabridge's proposed KSM project in northwestern British Columbia.
"The agreement represents another important milestone for the project and provides a thorough and cooperative framework for the parties to continue building the social license of the KSM project," the release noted.
The Tahltan Nation voted 77.8% in favor of KSM's impact benefits agreement. "The Tahltan people have spoken and have ratified the KSM impact benefits agreement that provides the Tahltan Nation with far reaching economic benefits and strong commitments to the environmental management of the land that we hold sacred," Chad Norman Day, president of the Tahltan central government, said in the release.
"The Tahltan approach to engagement and negotiations has been professional and collaborative from the very beginning," stated Seabridge CEO Rudi Fronk. "We believe that the KSM IBA provides the basis for a genuine partnership between the KSM Project and the Tahltan Nation for decades to come. The Tahltan Nation's representatives have made many valuable contributions to the evolution of KSM. We have listened to their environmental, cultural and economic concerns, which have been rooted in the best interests of the Tahltan Nation, and we have crafted ways of addressing these concerns into KSM's design. From our perspective, our on-going relationship with the Tahltan Nation, which began more than a decade ago, captures the spirit of mutual respect, common goals and sensitivity to local interests that are needed in the development of major mining projects."
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