Avanti, Nisga’a Nation sign Kitsault mine deal

Jun 03, 2014 | 03:38 PM | Daniel Fitzgerald

Tags  Avanti Mining, Nisga'a Nation, Kitsault Mine, molybdenum, Mitchell Stevens, A.J. Ali, Mark Premo, Craig Nelsen Gordon Bogden

NEW YORK — Avanti Mining Inc. has signed an agreement with the Nisga’a Nation covering the Kitsault molybdenum mine project in northwestern British Columbia.

The agreement will address a number of outstanding Nisga’a concerns with respect to environmental protection, provide economic benefits to the Nisga’a Nation—including a net smelter royalty of up to 2 percent, based on prevailing molybdenum prices—and resolve all outstanding litigation, the Vancouver, British Columbia-based company said.....

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