First Nations Commitment

Successful partnerships require dedication, commitment, hard work, understanding, trust and mutual respect. They also involve recognizing each other's values and aspirations, and identifying and communicating common goals. Plutonic shares the goals of First Nations' in regards to the respect of land and resources and ensuring long term sustainability. The Company's activities shall always be conducted in an economically, socially and environmentally responsible manner.

The following ten principles guide Plutonic's position on all activities and issues related to First Nations:

1. Recognition of the traditional territories and areas of cultural or heritage interest of First Nations.
2. Recognition that First Nations have overlapping or shared territories.
3. Respect of the diversity of interests and cultures among First Nations.
4. Respect for internal affairs of First Nations.
5. A common commitment to sustainability and respect for the land and its resources.
6. Recognition that each First Nation may have interests and objectives that are unique in their respective business relationships and cooperative ventures.
7. Acknowledgment that there is a shortage of capital to involve First Nations in cooperative ventures and assistance wherever possible in obtaining financing from both the private and public sectors.
8. Assistance for First Nations to develop training, employment and business opportunities in connection with Plutonic's activities.
9. Support for First Nations' aspirations in securing long term economic development.
10. Definition of objectives and management of operations that are in the best business interests of the company's shareholders and First Nations.

* acknowledgment to British Columbia and Yukon Chamber of Mines.

Building Partnerships

Over the past six years, Plutonic has worked diligently to develop, establish and maintain professional working relationships with a number of First Nations partners. These efforts have resulted in the execution of four Impact and Benefit Agreements (IBAs) and four Memorandum of Understandings (MOUs) with the First Nations in whose traditional territories our projects are located. These agreements are designed to accomplish the following:

1. meaningful training and employment of band members;
2. economic development (business) initiatives tailored to the individual needs and strengths of each First Nation;
3. cultural heritage resource protection;
4. environmental protection;
5. revenue sharing;
6. injection of immediate capital; and
7. support in the development of relationships between Aboriginal communities and industry.

 

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