Baselode Energy Corp (TSX-V:FIND, OTCQB:BSENF) announced that it has signed an exploration agreement with Ya'thi Néné Lands and Resources (YNLR), the office representing the Athabasca Denesułiné First Nations of Hatchet Lake, Black Lake, Fond du Lac and the Northern Hamlet of Stony Rapids, and the Northern Settlements of Uranium City, Wollaston Lake and Camsell Portage.
The company’s land package includes uranium exploration targets in Saskatchewan's Athabasca Basin and the traditional lands of YNLR First Nations in Treaty 8 and Treaty 10 Territories.
It said the exploration agreement includes provisions for harvester compensation, contributions to YNLR’s community trust, and contracting opportunities for businesses.
YNLR board chair and elder Mary Denechezhe was optimistic about the positive impacts the agreement would bring in terms of strengthening its community trust and bringing contracting and employment opportunities for the northern population.
“Signing this agreement with Baselode is another key step towards the protection of our land and culture, and reaching our economic development goals in the communities,” Denechezhe said.
“This partnership is important for Treaty Rights preservation, and we appreciate Baselode's commitment to working with us in a good way that is both respectful and mutually beneficial."
Baselode CEO James Sykes added: "We are honored to sign this Exploration Agreement as we appreciate a working partnership to continue protecting the values and rights of the First Nations and communities supported by YNLR.
“We envision a respectful collaboration moving forward that focuses on the people, the land, and the culture of those who call Nuhenéné home.”
Baselode Energy is a mining exploration company which controls 100% of approximately 264,172 hectares for exploration in the Athabasca Basin area, northern Saskatchewan, Canada.