Goldshore Signs Impact Benefit Agreement Term Sheet with Lac des Mille Lacs First Nation
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) has signed an Impact Benefit Agreement (IBA) Term Sheet with Lac des Mille Lacs First Nation for the Moss Gold Project in Ontario, Canada. The agreement marks a crucial step towards negotiating a full IBA, building upon their Early Exploration Agreement from June 2022.
The Term Sheet outlines key collaboration areas including regulatory and environmental engagement, employment opportunities for First Nation members, and project consent. Both parties aim to conclude IBA negotiations within 12 months, demonstrating their commitment to ensuring long-term community benefits and sustainable project development.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) ha firmato un Term Sheet per un Accordo di Benefici d'Impatto (IBA) con la Lac des Mille Lacs First Nation per il Progetto Moss Gold in Ontario, Canada. Questo accordo rappresenta un passo fondamentale verso la negoziazione di un IBA completo, basandosi sul loro Accordo di Esplorazione Iniziale del giugno 2022.
Il Term Sheet definisce le principali aree di collaborazione, tra cui l'impegno regolatorio e ambientale, le opportunità di lavoro per i membri della First Nation e il consenso al progetto. Entrambe le parti puntano a concludere le negoziazioni dell'IBA entro 12 mesi, dimostrando il loro impegno a garantire benefici a lungo termine per la comunità e uno sviluppo sostenibile del progetto.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) ha firmado un Acuerdo Marco de Beneficios de Impacto (IBA) con la Lac des Mille Lacs First Nation para el Proyecto Moss Gold en Ontario, Canadá. Este acuerdo representa un paso clave hacia la negociación de un IBA completo, basado en su Acuerdo de Exploración Temprana de junio de 2022.
El Acuerdo Marco establece las áreas principales de colaboración, incluyendo la participación regulatoria y ambiental, oportunidades de empleo para los miembros de la First Nation y el consentimiento del proyecto. Ambas partes buscan concluir las negociaciones del IBA en un plazo de 12 meses, demostrando su compromiso para asegurar beneficios comunitarios a largo plazo y un desarrollo sostenible del proyecto.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF)는 캐나다 온타리오에 위치한 Moss Gold Project를 위해 Lac des Mille Lacs First Nation과 영향 이익 협정(IBA) 기본 합의서를 체결했습니다. 이 합의는 2022년 6월 초기 탐사 계약을 기반으로 한 완전한 IBA 협상을 위한 중요한 단계입니다.
기본 합의서는 규제 및 환경 참여, 퍼스트 네이션 구성원 고용 기회, 프로젝트 동의 등 주요 협력 분야를 명시합니다. 양측은 12개월 내에 IBA 협상을 완료하는 것을 목표로 하여 장기적인 지역사회 혜택과 지속 가능한 프로젝트 개발에 대한 의지를 보여주고 있습니다.
Goldshore Resources (TSXV : GSHR) (OTCQB : GSHRF) a signé un protocole d'accord (Term Sheet) pour un Impact Benefit Agreement (IBA) avec la Lac des Mille Lacs First Nation concernant le projet Moss Gold en Ontario, Canada. Cet accord constitue une étape cruciale vers la négociation d'un IBA complet, s'appuyant sur leur accord d'exploration précoce de juin 2022.
Le protocole définit les principaux domaines de collaboration, notamment l'engagement réglementaire et environnemental, les opportunités d'emploi pour les membres de la First Nation, ainsi que le consentement au projet. Les deux parties visent à conclure les négociations de l'IBA dans un délai de 12 mois, témoignant de leur engagement à assurer des bénéfices communautaires durables et un développement responsable du projet.
Goldshore Resources (TSXV: GSHR) (OTCQB: GSHRF) hat ein Impact Benefit Agreement (IBA) Term Sheet mit der Lac des Mille Lacs First Nation für das Moss Gold Project in Ontario, Kanada, unterzeichnet. Die Vereinbarung stellt einen wichtigen Schritt zur Aushandlung eines vollständigen IBA dar und baut auf ihrer Early Exploration Agreement vom Juni 2022 auf.
Das Term Sheet skizziert zentrale Kooperationsbereiche wie regulatorische und umweltbezogene Beteiligung, Beschäftigungsmöglichkeiten für Mitglieder der First Nation und Projektzustimmung. Beide Parteien streben an, die IBA-Verhandlungen innerhalb von 12 Monaten abzuschließen, um ihr Engagement für langfristige Gemeinschaftsvorteile und eine nachhaltige Projektentwicklung zu demonstrieren.
- Establishment of formal partnership framework with local First Nation, reducing project development risks
- Building upon existing relationship from June 2022 Early Exploration Agreement
- Clear timeline for final IBA negotiation (12 months)
- Potential for local employment and business opportunities through the agreement
- Final IBA terms still subject to negotiation, creating uncertainty
- Additional costs and commitments likely required to fulfill agreement terms
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce it has signed an Impact Benefit Agreement Term Sheet ("IBA Term Sheet") with Lac des Mille Lacs First Nation, marking a significant step toward the negotiation of an Impact Benefit Agreement ("IBA") related to the Moss Gold Project, located in Ontario, Canada (the "Moss Gold Project").
The IBA Term Sheet sets out the key terms and intentions that will guide the negotiation of a future IBA between Goldshore and Lac des Mille Lacs First Nation. The IBA Term Sheet reflects a shared commitment to ensure the Moss Gold Project delivers meaningful and long-term benefits to the community.
"We are delighted to have reached this important milestone with Lac des Mille Lacs First Nation, and we look forward to a future of collaboration and shared success," said Michael Henrichsen, CEO and Director of Goldshore. "This milestone reflects Goldshore's commitment to building meaningful relationships based on trust and respect."
Chief Judy White Cloud of Lac des Mille Lacs First Nation stated: "This IBA Term Sheet represents a meaningful step forward in our relationship with Goldshore. We are committed to ensuring that the Moss Gold Project reflects our values and delivers long-term benefits for our Nation."
The IBA Term Sheet addresses several key areas of collaboration, including:
- Engagement on regulatory, environmental, cultural, and financial matters;
- Employment and contracting for Lac des Mille Lacs First Nation members and business; and
- Project consent and support.
The IBA Term Sheet follows the successful negotiation and implementation of an Early Exploration Agreement signed by Goldshore and Lac des Mille Lacs First Nation in June 2022. The parties will make best efforts to conclude IBA negotiations within 12 months.
"We are excited to continue to grow our relationship with Lac des Mille Lacs First Nation, demonstrating our interest in building a transformational project in partnership with nearby communities," stated Michael Henrichsen, CEO and Director of Goldshore. "We will also continue to work hard to develop strong and mutually beneficial relationships with other Indigenous peoples."
About Goldshore
Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world's largest gold company and backed by one of Canada's pre-eminent private equity firms. The Company's current focus is the advanced stage
For More Information - Please Contact:
Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project; the potential mineralization at the Moss Gold Project based on the winter drill program, including the potential for additional mineral resources; the enhancement of the Moss Gold Project; statements regarding the Company's future drill plans, including the expected benefits and results thereof; that the Superion target has the potential to significantly add to the current mineral resource estimate within the top 200 meters from surface with continued drilling and to reduce the overall strip ratio of the deposit; the potential for resource growth at Moss and the fact that the results have the potential to significantly impact the economic performance of the deposit moving forward; the potential for a much larger mineralized system and that it will be pursued in the near future through additional drilling; and other statements that are not historical facts.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: uncertainty and variation in the estimation of mineral resources; risks related to exploration, development, and operation activities; exploration and development of the Moss Gold Project will not be undertaken as anticipated; the Company may require additional financing from time to time in order to continue its operations which may not be available when needed or on acceptable terms and conditions acceptable; the economic performance of the deposit may not be consistent with management's expectations; the Company's exploration work may not deliver the results expected; the fluctuating price of gold; unknown liabilities in connection with acquisitions; compliance with extensive government regulation; delays in obtaining or failure to obtain governmental permits, or non-compliance with permits; environmental and other regulatory requirements; domestic and foreign laws and regulations could adversely affect the Company's business and results of operations; risks related to natural disasters, terrorist acts, health crises, and other disruptions and dislocations; global financial conditions; uninsured risks; climate change risks; competition from other companies and individuals; conflicts of interest; risks related to compliance with anti-corruption laws; the Company's limited operating history; intervention by non-governmental organizations; outside contractor risks; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; the Superion target may not add to the current mineral resource; and other risks associated with executing the Company's objectives and strategies as well as those risk factors discussed in the Company's continuous disclosure documents filed under the Company's SEDAR+ profile at www.sedarplus.ca.
The forward-looking information in this news release is based on management's reasonable expectations and assumptions as of the date of this news release. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding: the future price of gold; anticipated costs and the Company's ability to fund its programs; the Company's ability to carry on exploration, development and mining activities; prices for energy inputs, labour, materials, supplies and services; the timing and results of drilling programs; mineral resource estimates and the assumptions on which they are based; the discovery of mineral resources and mineral reserves on the Company's mineral properties; the timely receipt of required approvals and permits; the costs of operating and exploration expenditures; the Company's ability to operate in a safe, efficient, and effective manner; the Company's ability to obtain financing as and when required and on reasonable terms; that the Company's activities will be in accordance with the Company's public statements and stated goals; that the Superion target will add to the current mineral resource; that the Company's exploration work will deliver the results expected; and that there will be no material adverse change or disruptions affecting the Company or its properties.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
What is the significance of Goldshore's IBA Term Sheet with Lac des Mille Lacs First Nation for GSHRF stock?
When will Goldshore Resources (GSHRF) complete the final Impact Benefit Agreement?
What are the key components of Goldshore's IBA Term Sheet for the Moss Gold Project?
How does the IBA Term Sheet build on Goldshore's previous agreements with Lac des Mille Lacs First Nation?
