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TLICHO
Fortune Minerals Ltd. and the Tlicho Government have signed a co-operative relationship agreement over the mineral exploration company's NICO project.

The agreement, over Fortune's gold-cobalt-bismuth-copper deposit located about 50 km north of Whati, is similar to a memorandum of understanding, the company said in a Nov. 8 news release, establishing the framework and path forward for further negotiations.

"The agreement lays the foundation for discussions on fundamental topics of interest such as the possible environmental and cultural impacts of the NICO Project on Tlicho-owned lands," Fortune president Robin Goad said.

Monetary details of the agreement were not released but Grand Chief Eddie Erasmus said it "provides the resources for the Tlicho Government to collect knowledge critical to understanding the impacts of this project. It also provides resources to ensure the robust engagement of the Tlicho Government in the regulatory process," he said.

The NICO project is currently in the environmental assessment process stage.

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