Economic Reconciliation

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Enbridge Advances Historic Equity Ownership with First Nations on B.C. Natural Gas Pipeline System
Prnewswire· 2025-05-15 11:00
Core Viewpoint - Enbridge Inc. has entered into an agreement with the Stonlasec8 Indigenous Alliance Limited Partnership, allowing the partnership to invest approximately CAD$715 million in Enbridge's Westcoast natural gas pipeline system, resulting in a 12.5% ownership stake [1][2][3] Investment Details - The First Nations Partnership will secure a CAD$400 million loan guarantee from the Canada Indigenous Loan Guarantee Corporation to facilitate the investment [2] - The transaction is expected to close by the end of the second quarter of 2025, pending financing and other conditions [3] Economic and Social Impact - The investment is seen as a significant milestone for the Stonlasec8 First Nations, providing sustained economic benefits for housing, infrastructure, environmental stewardship, and cultural preservation [3] - Enbridge aims to strengthen relationships with Indigenous communities and promote economic reconciliation through this partnership [3][4] Infrastructure Overview - Enbridge's Westcoast natural gas pipeline system has been operational for over 65 years and can transport up to 3.6 billion cubic feet of natural gas per day, serving various regions including British Columbia and the U.S. Pacific Northwest [5]
Hudbay Signs Exploration Agreement with the Mosakahiken Cree Nation for the Talbot Deposit in Manitoba
Globenewswire· 2025-04-28 12:30
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) today announced the signing of an agreement with the Mosakahiken Cree Nation (“MCN”) on exploration activities in their traditional and ancestral territory, including at Hudbay’s Talbot deposit south of Snow Lake, Manitoba. “The signing of the Exploration Agreement with MCN marks a significant step towards economic reconciliation and a future built on respect and collaboration. I am very proud of th ...