TORONTO, May 18, 2017 /CNW/ - AuRico Metals Inc.
(TSX: AMI),("AuRico" or the "Company") is pleased to announce
that it has entered into an Impact Benefits Agreement ("IBA") for
the Kemess Underground Project with Takla
Lake, Tsay Keh Dene and
Kwadacha, collectively Tse Keh Nay ("TKN") an alliance of three
Sekani First Nations.
The IBA provides a framework that formalizes the long-term
co-operative relationship between AuRico Metals and the TKN First
Nations over the life of the project. The IBA captures the mutual
commitment to consult and maintain an open, respectful and
cooperative relationship throughout the development and operation
of the Kemess Underground Project. The IBA further provides for
meaningful TKN participation in Kemess Underground through
training, employment, business opportunities, environmental
protection and other means.
The Tse Keh Nay Chiefs stated; "In order to celebrate the
success we have achieved today, we must look back to the path that
got us here. The original plan for Kemess North was to use Amazay
Lake as a tailings pond. It was through our struggles to protect
that sacred lake that the Tsay Keh Nay alliance was reunited and
strengthened. Through the development of the Kemess Underground
Project the Tsay Keh Nay alliance has remained strong; and
continues to support each other in the pursuit of environmental
integrity, cultural revitalization and community health. Today, Tse
Keh Nay recognizes the environmental commitment made by AuRico
Metals, and the respect for Tse Keh Nay rights, interests and
genuine collaboration with the Tse Keh Nay alliance. Tse Keh
Nay is excited about the opportunities and benefits that will be
created by Kemess Underground through the IBA."
Chris Richter, President and CEO
of AuRico stated; "The signing of this IBA is a significant step
forward for the Kemess Underground Project and further solidifies
our strong relationship with our First Nations partners. We are
grateful to have their support for the development of Kemess, which
is expected to deliver significant economic opportunities and
benefits to the region and all project stakeholders for many years
to come."
About AuRico Metals
AuRico Metals is a mining development and royalty company with a
100% interest in the Kemess property in British Columbia, Canada. The Kemess property
hosts the feasibility-stage Kemess Underground Gold-Copper Project,
the Kemess East Exploration Project, and the infrastructure
pertaining to the past producing Kemess South mine. AuRico's
royalty portfolio includes a 1.5% NSR royalty on the Young-Davidson
Gold Mine and a 2% NSR royalty on the Fosterville Mine, as well as
a portfolio of additional producing and pre-production royalty
assets located in North America
and Australia.
Cautionary Statement on Forward-Looking
Information
Except for statements of historical fact relating to AuRico
Metals Inc. certain information contained herein constitutes
"forward-looking statements" as such term is used in applicable
Canadian securities laws. Forward-looking statements include
statements that are predictive in nature, depend upon or refer to
future events or conditions, or include words such as "expects",
"anticipates", "plans", "believes", "considers", "intends",
"targets", or negative versions thereof and other similar
expressions, or future or conditional verbs such as "may", "will",
"should", "would" and "could" in particular, statements related to
the future development of the Kemess Underground Project and the
expected economic benefits from the project. We provide
forward-looking statements for the purpose of conveying information
about our current expectations and plans relating to the future and
readers are cautioned that such statements may not be appropriate
for other purposes. By its nature, this information is subject to
inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be
achieved.
Other than as specifically required by law, we undertake no
obligation to update any forward-looking statement to reflect
events or circumstances after the date on which such statement is
made, or to reflect the occurrence of unanticipated events, whether
as a result of new information, future events, results or
otherwise.
SOURCE AuRico Metals