Investing

Lithium Universe LimitedForms Committee with W8BANAKI

Perth, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce the forming of a joint committee and collaboration with the Tribal Council representing the Abenaki Council of Odanak and the Abenaki Council of Wolinak (W8banaki). This initiative aims to foster ongoing information exchange and mutual understanding, maintaining a strong relationship based on dialogue, collaboration, transparency, and respect.

– Formation of committee with W8banaki to progress Becancour Lithium Refinery

– Collaboration with W8banaki to assist with site impact assessment

– W8banaki Nation traditional land custodians of Becancour Industrial Park

– W8banaki representatives hold significant understanding of battery supply chain

– W8banaki hold years of experience collaborating with chemicals industry

– LU7 committed to a collaborative and respectful relationship

Proud of their cultural and linguistic heritage, the W8banakiak occupied vast forested areas in what is now southern Quebec, Maine, New Hampshire and Vermont, as well as parts of Massachusetts and New Brunswick, before the arrival of Europeans. The name W8banaki is a combination of the words ‘W8ban’ (light, or dawn) and ‘Aki’ (land), meaning ‘People of the Dawn’. Still present and active on its ancestral territory, the population of the W8banaki Nation currently numbers more than 3,000 individuals, who are distributed mainly in Quebec and Canada, as well as in the United States. The W8banaki are the traditional land owners of the Becancour Waterfront Industrial Park (BWIP) and therefore also the Company’s intended site for the proposed Becancour Lithium Refinery.

The Company’s Site is strategically situated in Becancour, just south of Trois-Rivieres, and is optimally positioned between Montreal and Quebec City. Specifically, the site is located on Lot 22 within the BWIP with an area estimated to be 276,423 square metres. Positioned near a major highway, the site seamlessly connects to the extensive North American highway network. Additionally, the facility benefits from daily service by the Canadian National Railway (CN), enabling cross-continental transportation from east to west and north to south, linking key ports on the Atlantic and Pacific coasts. The Port of Becancour, operational all year-round, boasts a water depth of 10.67 meters, accommodating vessels of varying sizes and 50,000 tonne shipment capacity.

Establishment of Joint Committee

The Company and the W8banaki Nation will form a Joint Committee which will provide a structured framework for discussions about the Company’s project at Becancour. This framework is designed to support mutually beneficial relations and ensure that both parties are fully informed and engaged in the process. The Committee, comprising 2 representatives from each party, will serve as the primary forum for communication, manage project schedules, ensure culturally safe collaboration, and oversee compliance. The committee will seek to identify opportunities for further involvement of the community within the Company’s project and coordinate impact analyses, and adopt joint emergency and safety plans.

Collaboration on Impact Analysis

As part of the environmental assessment process, the Company recognizes that its project will impact the Ndakina and may affect the Rights and Interests of the W8banakiak. To address these impacts, both parties will work together to identify and implement measures to accommodate them, ensuring their effectiveness through continuous monitoring. W8banakiak will actively participate in the environmental assessment process, contributing to the development of an Impact Analysis. This analysis will support the comprehensive impact study that the Company is required to prepare, taking into account the historical and current occupation of the land by W8banakiak.

Lithium Universe Limited is committed to encouraging a collaborative and respectful relationship with W8banakiak, ensuring that all concerns are addressed and that the project proceeds with the highest consideration for environmental and cultural impacts.

Lithium Universe Chairman, Iggy Tan said, ‘it has been a pleasure to get to know the W8banaki representatives over the past few months. The W8banaki representatives are a very practical group who have a deep understanding of the battery supply chain having extensive experience managing similar committees and impact assessment studies for our battery-focussed neighbours in the Becancour Industrial Park. The W8banakiak are a key stakeholder for our Becancour Lithium Refinery and we look forward to learning more about the Nation in the coming years while building this critical project alongside the community.’

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/UPEJ081Z

About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Latest News

A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

Latest News

Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico...

Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 nationalfinancialnews.com