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Rare earths project open to Indigenous partners – Northern News Services

by ahnationtalk on December 10, 2019121 Views

December 10, 2019

The door is open to Indigenous groups to become part-owners of the Nechalacho rare earths deposit.

That’s the word from Geoff Atkins, managing director of Australian-based Vital Metals, which made its final payment in October to complete a $5-million purchase of the upper portion of the Nechalacho rare earths deposit, 100 km southeast of Yellowknife.

“We’re certainly open to those conversations and that’s something that we have discussed,” Atkins said of a potential partnership.

Paul Gruner, president and CEO of Det’on Cho Corporation, the economic development arm of the Yellowknives Dene, said his organization is contemplating a stake in Nechalacho, but coming up with the capital for equity would be a hurdle to clear.

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