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First Mining Gold and Slate Falls Nation Sign Project Agreement for Development of Springpole Gold Project

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First Mining Gold (FF.TO) entered into a project agreement with Slate Falls Nation (SFN) covering the Springpole Gold project which is located in northwestern Ontario, it said in a statement on Tuesday.

The agreement was negotiated along with a community-based consultation process, it said, to ensure that the interests and concerns of the SFN were taken into account. The agreement sets out the significant participation of SFN in the responsible development of the Springpole Gold Project in a way that seeks to minimize impacts on the environment and provides direct benefits to the community, it added.

The project agreement also sets out the sharing of financial benefits from the Springpole project.

Shares of the company closed down 1.1% to C$0.93 on Monday on the Toronto Stock Exchange.

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