A small First Nation in northeastern Ontario is making a big investment in the mining industry.
Taykwa Tagamou Nation (TTN), outside Cochrane, is investing $20 million into Canada Nickel and its flagship Crawford Nickel Sulphide Project in the Timmins area.
“This partnership exemplifies our vision of economic self-determination,” said Chief Bruce Archibald.
“By utilizing our own capital to secure a significant stake in Canada Nickel, we’re ensuring we have a true seat at the decision-making table.”
Taykwa Tagamou is already a partner in the project as it is building and operating the transmission line that connects the mining project to the grid. As well, there is a plan for the First Nation to acquire the hauling fleet — the big trucks and digging equipment for the mine — and Canada Nickel will lease the vehicles from that company.
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