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Canadian Royalties Inc.

Location
Montreal and/or Nunavik, Quebec
Canada

Canadian Royalties Inc. (CRI) is a private mining company based in Montreal that operates a copper and nickel mine in Nunavik (province of Quebec).

The production phase of the Project began in February 2013 and relies on a concentrator with a capacity of 4,500 tonnes/day, supplied by various deposits including EXPO, ALLAMMAQ and MEQUILLON.

Our copper and nickel concentrates are transported and stored daily at our port facilities located in Deception Bay, located nearly 120 km from the main EXPO camp. An ice-breaking bulk vessel named “Nunavik” comes about seven times a year to bring the equipment required for operations and leave with its cargo of concentrate to be delivered to Europe.

CRI allows more than 1,000 people to work for its operations, including 600 direct employees and 400 subcontractors. On average, 400 people live and work in constant rotation on the Project site, whether at the EXPO camp or the Deception Bay camp, all in a so-called "Fly-in/Fly-out" rotation mode. . We also have about thirty employees based at our head office in Montreal.

An important part of the Project is the Nunavik Nickel Agreement (the “Agreement”). This agreement on the impacts and benefits of the Project was signed by CRI, the land corporations of Salluit and Kangiqsujuaq, the municipality of Puvirnituq, as well as Makivik Corporation, a non-profit organization managed by the Inuit of Nunavik and whose mission is to ensure the integrity of Inuit achievements as set out in the James Bay and Nord-du-Québec Agreement. The Agreement constitutes CRI's formal commitment to ensure a fair and equitable distribution of economic benefits from the Project.

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