The company also announced it has received provincial approval for the location of its tailings management facility at the open-pit mine. The mine is expected to produce 20,000 tonnes per year of battery-grade lithium carbonate annually.
The memorandum of understanding with the Abitibiwinni First Nation of Pikogan and the Anishinabe First Nation of Lac-Simon covers key areas of mutual interest, including environmental protection, employment and business opportunities and education and training.
"Canada Lithium is committed to working in partnership with our local municipalities and First Nations communities in a manner that fosters active participation and mutual respect," Canada Lithium chief operating officer Charles Taschereau said in a statement.
The approval for the tailings facility location was recently granted by Quebec's Natural Resources Ministry, the company said.
The facility still requires other provincial government approvals.