Officials from The town of Snow Lake and Hudbay minerals gathered in the community last week to sign a grant in Lieu agreement that will see a sizable increase in funding to the communities operating budget and a new component that will contribute to the town’s capital requirements.

Mayor Peter Roberts stated in a news release that the capital money is something that is going to be there every year of the five year agreement and nothing but good things will happen as a result.

With the capital funds it will be easier to lever money for further infrastructure projects through agreements with the provincial and federal governments.