Site icon 401k Market Story

“Exploring New Frontiers: Baselode & Yathi Nene Lands & Resources Sign an Agreement

In May 2021, Baselode and Yathi Nene Lands and Resources announced they had signed an agreement allowing Baselode to explore their lands for coal resources. The agreement will provide the necessary geological information for Baselode to investigate the feasibility of a potential new coal mine in that area. The agreement was signed by Chris Strong, CEO of Baselode, and Harvey Pryce, Chief of Yathi Nene Lands and Resources. Both parties agreed that the agreement is a responsible way to responsibly develop the land’s coal resources. This partnership is an exciting development for both Baselode and Yathi Nene Lands and Resources. Through the agreement, Yathi Nene will benefit from the employment and economic opportunities that will result from any future coal mine. Baselode will also be able to access necessary geological information to assess the viability of the coal mine while providing employment opportunities to the local people. The agreement also includes provisions to protect the environment and ensure that the local people’s rights are respected. Baselode will be required to take into account the land’s cultural heritage and not interfere with its preservation. There are also requirements that Baselode follows provincial and federal environmental regulations to ensure that the impact of any development is minimized. The agreement signals a positive relationship between Baselode and Yathi Nene Lands and Resources. Both parties are committed to the responsible development of coal resources while respecting the environment and protecting the rights of the local people. It is a great example of a partnership that works to achieve a win-win situation for both sides. The agreement will allow Baselode to collect the necessary information to determine the feasibility of a coal mine in the region. If a coal mine is determined to be a viable option, it will bring numerous benefits to the local area and region. It is one of many partnerships that Baselode is entering into to explore potential resources and understand their potential value.
In May 2021, Baselode and Yathi Nene Lands and Resources announced they had signed an agreement allowing Baselode to explore their lands for coal resources. The agreement will provide the necessary geological information for Baselode to investigate the feasibility of a potential new coal mine in that area. The agreement was signed by Chris Strong, CEO of Baselode, and Harvey Pryce, Chief of Yathi Nene Lands and Resources. Both parties agreed that the agreement is a responsible way to responsibly develop the land’s coal resources. This partnership is an exciting development for both Baselode and Yathi Nene Lands and Resources. Through the agreement, Yathi Nene will benefit from the employment and economic opportunities that will result from any future coal mine. Baselode will also be able to access necessary geological information to assess the viability of the coal mine while providing employment opportunities to the local people. The agreement also includes provisions to protect the environment and ensure that the local people’s rights are respected. Baselode will be required to take into account the land’s cultural heritage and not interfere with its preservation. There are also requirements that Baselode follows provincial and federal environmental regulations to ensure that the impact of any development is minimized. The agreement signals a positive relationship between Baselode and Yathi Nene Lands and Resources. Both parties are committed to the responsible development of coal resources while respecting the environment and protecting the rights of the local people. It is a great example of a partnership that works to achieve a win-win situation for both sides. The agreement will allow Baselode to collect the necessary information to determine the feasibility of a coal mine in the region. If a coal mine is determined to be a viable option, it will bring numerous benefits to the local area and region. It is one of many partnerships that Baselode is entering into to explore potential resources and understand their potential value.
Exit mobile version