Under the terms of the agreement, MCFN will pay 14.
We are very excited that MCFN has joined us as a partner in the East Tank Farm Development," said Mark Little, executive vice president, Upstream, Suncor.
It means long-term financial stability and increased independence while helping ensure future generations of our community remain a partner in regional development," said Chief Steve Courtoreille, MCFN.
The Agreement states that the MCFN is committed to principals of economic sustainability and growth for its members, environmental stewardship and self-determination in respect of MCFN lands and resources and wishes to establish a cooperative and respectful long-term relationship with both AuRico and Carlisle .
The Agreement also states that the parties agree that it is their common objective to assist MCDC and MCFN members to benefit from business opportunities associated with Exploration Activities undertaken by the LLJV and that assuming the Feasibility Study is positive, the Parties commit to make best efforts to develop an Impact Benefit Agreement (IBA) consistent with this Exploration Agreement.
George Poitras, CEO with MCFN
, says Sturgeon Lake First Nation has expressed interest in participating as an intervener and Courtoreille has been receiving calls of support for the legal action undertaken by MCFN
and Frog Lake First Nation.