PMET Resources (ASX:PMT) entered a non-binding letter of intent with the Cree Nation of Chisasibi to establish a framework for continued engagement and discussion with respect to the company's proposed Shaakichiuwaanaan project in Quebec, Canada, according to a Thursday statement.
The parties plan to set up subject-matter focused working groups to support discussion and information exchange on specific topics, which may include training, employment, local economic development, and the environment, among other matters.
The letter of intent does not constitute approval or endorsement for the Shaakichiuwaanaan Project, the company said.