The MOU sets out the joint understanding and intention of how the Parties will work together to advance Tyhee’s Yellowknife Gold Project (YGP). The YGP falls within Chief Drygeese Territory in the Northwest Territories (NWT), the territory of the Yellowknives Dene.
"This is another important milestone for the advancement of the Yellowknife Gold Project," said Hugh R. Wilson, Tyhee’s V.P. Environment and Community Affairs. "It sets out the initial framework for discussions with Det’on Cho Development Corporation and the Yellowknives Dene First Nation, and is aimed at ensuring that all parties can share the opportunities and benefits generated by this development."
The MOU is intended to encourage the realization of business and employment opportunities for the DCC and YKDFN members through a competitive bidding process, provided that they can perform the work at a competitive price and to the standards required by Tyhee.
According to DCC President and CEO, Roy Erasmus Jr., the MOU is an important first step in building a successful business relationship.
"The MOU is a great starting point. It’s an opportunity to create opportunities for the Yellowknives Dene but it’s also a way for Tyhee to benefit from Det’on Cho’s expertise, as well."
This MOU is in line with Tyhee’s Social Responsibility Statement:
"From initial planning to project completion, Tyhee is fully committed to conducting business in a manner that is beneficial to society in general and, in particular, addresses the very important considerations of the indigenous people within whose area the Company operates."
