Royal Nickel and Launay Sign Provisional Collaboration and Partnership Agreement
AMOS, QC, Sept. 26, 2012 /CNW/ - Royal Nickel Corporation ("RNC") and the municipality of Launay are pleased to announce the signing yesterday, September 25, 2012, of a Provisional Collaboration and Partnership Agreement for the development of the Dumont Nickel Project ("Dumont").
Previous exchanges between RNC and the municipality made it clear that both parties wanted to develop an agreement that lays out the framework of their relationship. As a result, the main objective of this agreement is to formalise the collaboration between RNC and the municipality of Launay to the benefit of the community and the advancement of the Dumont project.
More specifically, the agreement provides for:
- A mutual commitment to continuous and constructive dialogue in order to address the concerns of the population.
- Adherence to the jointly developed information sharing and consultation process.
- Cooperation in administrative procedures related to the Dumont project.
- A collaborative definition of the parameters for implementing joint actions.
- A reciprocal commitment to convey requests for information or any concerns expressed by the citizens of Launay.
This collaboration and partnership will allow both parties to reach common goals regarding the potential impacts and benefits generated by the Dumont project while taking into account community-related challenges and priorities identified within the framework of the project.
"We have already worked with RNC on a number of joint projects that promote the immediate and future development of Launay. The acquisition of an emergency facility where our local emergency committee can hold meetings and store equipment is an excellent example of an RNC supported project that makes a tangible contribution to the welfare of our community", explained the mayor of Launay, Mr. Rémi Gilbert.
The agreement also sets out several procedures relating to RNC's presence in the community.
Tyler Mitchelson, President and CEO, commented "Being involved in a host community and helping it grow is one of the RNC's core values. We are committed to developing and maintaining a solid relationship with Launay in order to foster a mutual understanding of our respective interests. We communicate regularly through meetings and talks with municipal representatives, and we will build a community relations office in Launay within the next few months to help solidify our commitment to the municipality."
The signing of the Provisional Collaboration and Partnership Agreement took place at the Launay municipal hall in front of citizens who accepted the open invitation and several members of the RNC team.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily on the exploration, evaluation, development and acquisition of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel Project strategically located in the established Abitibi mining camp, 25 kilometres northwest of Amos, Quebec. RNC has a strong management team and Board with over 100 years of mining experience in the nickel business at Inco and Falconbridge. RNC's common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including without limitation statements relating to RNC's development of the Dumont project, benefits of the Dumont project, the collaboration and relationship between the municipality of Launay and RNC and the building of a community relations office in Launay.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: the actual results of development activities, project delays, a breakdown in the relationship between the municipality of Launay and RNC, inability to raise the funds necessary, inability to negotiate terms, general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; feasibility study results or delays in obtaining governmental approvals or necessary permitting. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE Royal Nickel Corporation
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