Basin Energy Limited (ASX:BSN), a leading player in the energy sector, is thrilled to announce a groundbreaking Exploration Agreement with the Athabasca Denesųłiné First Nations and Athabasca Communities, marking a significant milestone in collaborative and sustainable exploration activities.
Key Highlights of the Agreement:
Exploration Agreement with Athabasca Denesųłiné First Nations and Athabasca Communities: This partnership solidifies a commitment to information sharing and facilitates mutually beneficial, sustainable, and safe exploration activities.
Focus on Geikie, North Millennium, and Marshall Uranium Projects: The Agreement specifically relates to Basin’s exploration and evaluation activities at these projects, located in the southeast Athabasca Basin.
Consent for Future Exploration Activities: The Athabasca Denesųłiné First Nations and Athabasca Communities have confirmed their consent and support for Basin’s future exploration activities, subject to the Company’s compliance with the Agreement.
The Athabasca First Nations and Athabasca Communities are represented by the Ya’thi Néné Lands and Resources Office (YNLR), encompassing the Hatchet Lake Denesułiné First Nation, Black Lake Denesułiné First Nation, Fond du Lac Denesułiné First Nation, and the Northern Hamlets and Settlements of Stony Rapids, Uranium City, Wollaston Lake, and Camsell Portage.
This Agreement lays the groundwork for transparent consultation, robust environmental management, and proactive information sharing. It ensures the meaningful participation of the Athabasca First Nations and Athabasca Communities in the Projects, providing substantial economic, employment, and training opportunities. These initiatives are aimed at bolstering community development and ensuring sustainable progress.
Basin’s Managing Director, Pete Moorhouse, commented:
“Basin is committed to building mutually beneficial and transparent relationships with all rights holders impacted by our operations. Sustainable and environmentally responsible operations are at the forefront of all exploration activities conducted by the Company. We are pleased to have reached this Agreement that formalises these commitments. We look forward to continuing to work closely with the Athabasca Denesųłiné First Nations and Athabasca Communities involved and are grateful for their involvement as we explore the exciting opportunities that the eastern Athabasca has to offer.”
Mary Denechezhe, Elder and Chairperson of YNLR, commented:
“We are pleased to enter into this agreement with Basin Energy, as they are approaching development in our territory in a positive way that respects our communities and includes our knowledge and aspirations. This is our expectation of all companies seeking to operate in our territory. We look forward to building on this partnership by ensuring the land is respected and that meaningful opportunities come to our people.”
Basin Energy (ASX: BSN) is a uranium exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada.