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Newmont to acquire properties to support land use planning in Tahltan Territory

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Global Mining Review,

Newmont Corp. has entered into a definitive agreement with Skeena Resources Ltd to acquire certain properties located in Tahltan Territory in northwestern British Columbia, conditional upon the successful completion of Skeena’s proposed acquisition of QuestEx Gold & Copper Ltd. Newmont will work in collaboration with the Tahltan Nation, the Iskut community, and the British Columbia government to make available portions of the acquired properties to support the land use planning objectives of the Tahltan Nation and the Iskut community.

“We are committed to developing a world class mining jurisdiction in the region which includes sustainable resource development while protecting and conserving lands under the Tahltan Stewardship Initiative that are important to the Tahltan Nation and the Iskut community,” said Newmont President and CEO, Tom Palmer. “We are acquiring the land in an effort to address concerns raised by the Tahltan Nation. The mining claims around Iskut are not being purchased for development or their mineral potential.”

Newmont supports the Tahltan Stewardship Initiative designed to preserve key areas around the community of Iskut and the work of the Tahltan and British Columbia to achieve reconciliation outcomes. Newmont believes there is shared value in the creative solutions this acquisition will enable the parties to advance. The company looks forward to making the North ROK and Coyote properties available for the Tahltan Stewardship Initiative as part of a continual effort to build a respectful and mutually beneficial relationship with the Tahltan Nation and Iskut community.

In 2021, Newmont acquired the Saddle North deposit through the acquisition of GT Gold Corporation. At the time of acquisition, the Ccmpany recognised and continues to acknowledge the need for Tahltan consent to advance the project.

Skeena Resources Ltd has entered into a definitive agreement to acquire all of the issued and outstanding shares of QuestEx Gold & Copper Ltd. Following the completion of this proposed transaction by way of a plan of arrangement, which is subject to QuestEx shareholder approval, regulatory approvals (including TSXV and TSX), and other customary closing conditions, Skeena will sell to Newmont the northern properties of Castle, Coyote, Heart Peaks, Moat and North ROK.

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