AMOS, QC, Sept. 26, 2012 /CNW/ - Royal Nickel Corporation ("RNC") and the municipality of Launay are pleased to announce the signing
yesterday, September 25, 2012, of a Provisional Collaboration and
Partnership Agreement for the development of the Dumont Nickel Project
Previous exchanges between RNC and the municipality made it clear that
both parties wanted to develop an agreement that lays out the framework
of their relationship. As a result, the main objective of this
agreement is to formalise the collaboration between RNC and the
municipality of Launay to the benefit of the community and the
advancement of the Dumont project.
More specifically, the agreement provides for:
A mutual commitment to continuous and constructive dialogue in order to
address the concerns of the population.
Adherence to the jointly developed information sharing and consultation
Cooperation in administrative procedures related to the Dumont project.
A collaborative definition of the parameters for implementing joint
A reciprocal commitment to convey requests for information or any
concerns expressed by the citizens of Launay.
This collaboration and partnership will allow both parties to reach
common goals regarding the potential impacts and benefits generated by
the Dumont project while taking into account community-related
challenges and priorities identified within the framework of the
"We have already worked with RNC on a number of joint projects that
promote the immediate and future development of Launay. The acquisition
of an emergency facility where our local emergency committee can hold
meetings and store equipment is an excellent example of an RNC
supported project that makes a tangible contribution to the welfare of
our community", explained the mayor of Launay, Mr. Rémi Gilbert.
The agreement also sets out several procedures relating to RNC's
presence in the community.
Tyler Mitchelson, President and CEO, commented "Being involved in a host
community and helping it grow is one of the RNC's core values. We are
committed to developing and maintaining a solid relationship with
Launay in order to foster a mutual understanding of our respective
interests. We communicate regularly through meetings and talks with
municipal representatives, and we will build a community relations
office in Launay within the next few months to help solidify our
commitment to the municipality."
The signing of the Provisional Collaboration and Partnership Agreement
took place at the Launay municipal hall in front of citizens who
accepted the open invitation and several members of the RNC team.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused primarily
on the exploration, evaluation, development and acquisition of base
metal and platinum group metal properties. RNC's principal asset is the
Dumont Nickel Project strategically located in the established Abitibi
mining camp, 25 kilometres northwest of Amos, Quebec. RNC has a strong
management team and Board with over 100 years of mining experience in
the nickel business at Inco and Falconbridge. RNC's common shares and
warrants trade on the TSX under the symbols RNX and RNX.WT.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information" including
without limitation statements relating to RNC's development of the
Dumont project, benefits of the Dumont project, the collaboration and
relationship between the municipality of Launay and RNC and the
building of a community relations office in Launay.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: the actual results of development activities,
project delays, a breakdown in the relationship between the
municipality of Launay and RNC, inability to raise the funds necessary,
inability to negotiate terms, general business, economic, competitive,
political and social uncertainties; future prices of metals;
availability of alternative nickel sources or substitutes; actual
nickel recovery; feasibility study results or delays in obtaining
governmental approvals or necessary permitting. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to RNC's filings with Canadian
securities regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those anticipated,
estimated or intended. Forward-looking statements contained herein are
made as of the date of this news release and RNC disclaims any
obligation to update any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
except as required by applicable securities laws.
SOURCE: Royal Nickel Corporation
For further information:
Director, Investor Relations
T: (416) 363-0649