Vancouver's Alexco Resource Corp. (TSX:AXR) has entered into a co-operation agreement with the Na-Cho Nyak Dun First Nation regarding the Keno Hill silver district.
The agreement is needed to develop the Keno Hill area in the Yukon, including the Bellekeno silver-lead-zinc project.
It establishes a framework for future exploration and environmental activities. The deal also has provisions for wide-ranging collaboration between the parties and ensures that developments in the area can proceed.
The First Nations group has received business development commitments, scholarships, technical support for future regulatory submissions and funding for co-ordination.
Alexco's share price range during the past week: between $3.80 and $3.88; 52-week high: $6.16; 52-week low: $3.11.